SPDR SPY ETF: Fade

In my opinion, fade that in. You have a technical Cup and Handle on the Week and Day (In Bullish Formation). 50% Bullish Retrace to 388. Top side would be 400. In my opinion, I am buying this as an Investment. We have a 10% plus Bullish Retracement now. It's time to start looking for buys. My targets are 400-405, and 385-390. Interim: There may be a large pullback to 428-433 for relief.

Two Speculative Targets: 580-600, and 270-290.

Keep an eye out for a Bullish Reversal Pattern at 400 or 388.

Keep an eye out for a breakdown at 388. That suggests 350.

Keep an eye out at 350, for if you breakdown, you shall breakdown hard.

Lucky Trading,

Mr. Storm