$350-$340 is BUY zone for SPY
STRONG A descending broadening wedge formation.
"A descending broadening wedge is bullish chart pattern (said to be a reversal pattern). It is formed by two diverging bullish lines. A descending broadening wedge is confirmed/valid if it has good oscillation between the two upward lines . The upper line is the resistance line; the lower line is the support line."
This pattern is rocking hard. Great time to buy and wait for the market to recover.
"A descending broadening wedge is bullish chart pattern (said to be a reversal pattern). It is formed by two diverging bullish lines. A descending broadening wedge is confirmed/valid if it has good oscillation between the two upward lines . The upper line is the resistance line; the lower line is the support line."
This pattern is rocking hard. Great time to buy and wait for the market to recover.
註釋
Worst case... down to $300, but very possible. Either way, I'll be buying!
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