Spy at A likely area to bounce

٣٠ أغسطس ٢٠٢٢

I believe the larger bottom is in although it could still be a slow recovery. Right now it appears we are at a reasonable support level at the trend line and 50dma. There also looks like what could be a inverse head and shoulders forming. While I’m not a huge fan of relying on these patterns a measured move could lead to 500-520 if it confirms.