SPY Weekly Likely headed for 52 week EMA
Today we had a 50% Gartely retrace (Point D), which takes to prior swing high and also the 24 week EMA. Should bounce (has in the past), but eventually (if not very soon) I expect a retest of prior swing low, 52 week EMA, and 78% fib retrace around 429.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.