SPY 297.50 target

٢٩ مايو ٢٠٢٠

SPY to possibly breathe to 297.50 to rope in shorts (and squeeze bulls).

Green niner on both the daily and ES.
The previous green niner on SPY allowed us to retrace ~5%- if this were to happen again it would place the SPY at 286- however I see this highly unlikely given the major psychological level at 300 and recent 200-day MA break.

Could be wrong of course, *not investment advice.

From there will look to go long.