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EducationalTraderBarry

Fibonacci Retracement look at Spy from current lows to highs

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SPDR S&P 500 ETF TRUST (AMEX:SPY)  
EducationalTraderBarry  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Fibonacci SPDR S&P 500 ETF (SPY) spyshort Fibonacci Retracement
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fibonacci spy spyshort fibonacciretracement
I had a strong thesis here regarding the ~264.3 key fib level which coincided very closely with the March 31st (tuesday) move. On this day I loaded a heavy positions into SPY puts at around $263 due to this. Although SPY's secondary downtrend lines were easily broken, SPY's primary downtrend line (most extended) coincided perfectly with the 61.8 fib level I marked this in the red circle. This trade panned out well with 70% gains today (april 1st).

Idea Berkaitan

EducationalTraderBarry
Quick Elliot Wave look at the SPY, I target 200-215 range
Penafian

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