OBSERVATION ON 24TH JAN 1) Hammer with long Lower wick with High Volume indicates a reversal 2) A t This Level we had a similar bounce back on 19TH JULY '21 . So this bottom has a strong area of support 2) Small Rise in RSI Shows a Bullish Divergence 3) HIstorically an RSI OF 26.3 on the SPY is very rarely seen and is always a great buying opportunity .
Nota
Strong Resistance 4515 . A good ides to book profits
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