Update on SPy – we held support I talked about in the LIVE session yesterday. We are now at a key resistance (keeps price from moving up) at 3933 area.
If SPX can push through, then the SPY trade should see the gains that I am expecting. SPY is an ETF (exchange traded fund – google it) for the SPX which is the S&P 500 index.
If this is your first echo trade I strongly suggest watching the masterclass for proper trade sizing in your account BEFORE taking the trade.
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