SPY (S&P 500 Index Tracking ETF) offers an objective long entry following the recent breakout of this 60-minute falling wedge pattern & divergent low. The price targets are T1 at 271.50, T2 at 275.30 & T3 at 279.92. The suggested stop is any move below 256.89 & the suggested beta-adjusted position size is 1.0.

SPY 60-min Feb 12th

SPY 60-min Feb 12th

 

0