Signs of BULLISH absorption are present $208 target 做多

SPDR S&P 500 ETF TRUSTArca

描述

⋅ May 23, 2016 2:07 PM

(1) Heavy selling on May 17, 2016 that failed to break support is a sign of buyers absorbing supply
(2) Bearish close on May 19, 2016 below support with no follow through is another sign of "dip buyers."

SPDR S&P 500 ETF (SPY)

ChartArt

⋅ May 24, 2016 4:21 PM

Great explanation of your trade idea, thanks!