In this entry on May 3rd I laid out a possible route for SPY to move to $380 citing these factors: So why 380? It coincides with the Covid low anchored VWAP It’s at the 38.2% Fibonacci retracement of the bull move. We’ve already seen these levels in $QQQ and $IWM. They are trading there now.
Revisiting SPY $380
Revisiting SPY $380
Revisiting SPY $380
In this entry on May 3rd I laid out a possible route for SPY to move to $380 citing these factors: So why 380? It coincides with the Covid low anchored VWAP It’s at the 38.2% Fibonacci retracement of the bull move. We’ve already seen these levels in $QQQ and $IWM. They are trading there now.