SPY S&P500 ETF W-Shaped Recovery

8月8日

If you haven`t bought the previous correction:

Now historically, the SPY S&P500 ETF has demonstrated a consistent pattern where a Relative Strength Index (RSI) at or below 30 triggers buying activity.
This technical indicator, typically viewed as signaling an oversold condition, has reliably attracted investors looking to capitalize on perceived undervaluation.
As a result, these dips have been quickly bought up, suggesting a strong market tendency to rebound from such low RSI levels.

I expect the recovery to be V-shaped or W-shaped, ending the year higher.

8月19日

交易结束：到达目标

SPY looking more like a V shaped recovery!