$SPY approaching resistance–double bottom?

Friday, November 30, 2018 @ 6:31 am by Dr. Wish

GMI1/6

GMI-24/9

T210841%

This daily Guppy chart shows SPY approaching all of the longer moving averages (blue lines). SPY remains in a BWR pattern. Is it a double bottom?

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Selected stocks that have had a successful recent Green Line Breakout (GLB). One can really profit by buying stocks breaking out to all-time highs after a consolidation of 3 months or more, my GLB Setup.

Sym.	Date	GLB $	Now $	Chg.
UBER	1/25/24	$64.05	$71.30	11.32%
META	1/23/24	$384.33	$501.80	30.56%
SMCI	1/19/24	$357.00	$928.48	160.08%
COST	12/11/23	$615.27	$711.25	15.60%
GDDY	11/22/23	$93.75	$121.35	29.44%
WING	11/15/23	$223.77	$356.40	59.27%
ELF	1/8/24	$139.85	$167.51	19.78%
CAH	11/3/23	$95.45	$106.00	11.05%
PGR	10/13/23	$149.87	$209.75	39.95%
ANF	12/18/23	$85.77	$109.32	27.46%
MPTI	10/9/23	$21.00	$23.79	13.29%
PANW	8/21/23	$213.61	$281.14	31.61%
NVO	8/8/23	$86.49	$122.75	41.92%
CBOE	8/4/23	$138.54	$177.51	28.13%
VST	8/4/23	$27.96	$65.88	135.62%
MOD	8/3/23	$37.62	$83.76	122.65%
VRT	8/2/23	$28.80	$81.01	181.28%
PSN	8/2/23	$50.15	$77.80	55.13%
PHM	4/25/23	$63.90	$105.96	65.82%

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