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Global EquitiesEthan L.10h ago
Trade ideaBullish
SPY: buying the pullback to the 50-day in an uptrend
Trend is intact with higher highs and higher lows. Price is pulling back to the rising 50-day average on lighter volume — a classic continuation setup.
Long with a stop below the last swing low. Will reduce size ahead of CPI.
SideLong
Entry$532.00
Target$552.00
Stop$524.00
R:R · 2–4 weeks2.5 : 1
SPY$538.40+1.21%SPX5,402.62+1.24%
Disclosure: Long SPY
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