toadcapital

SPY - Bullish for a Relief Bounce

AMEX:SPY   SPDR S&P 500 ETF TRUST
Based on Toad Capital's indicator leveraging trend data from the VIX, dollar index and treasury bonds, we are bullish for at least a short term bounce going into Monday October 18. To the downside, 348 provides a strong Fibonacci retracement support level.
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