SPY IS A BUY+++ At $528 and $520 bounce to $527

٣ أغسطس ٢٠٢٤

We are oversold on charts under 4 hours, and the 4 hour. One day chart has a way to go and for cloud support at $522. .5 Fib support is $528.51 was touched Friday. We should bonce to $547 then likely resume the decline based of fundamentals of a bubble economy surviving on printed money for decades and the irresponsible deficit spending since covid by both parties. I think we could have a final flush on Monday then bounce but we'll see.....