New Buy Trade idea

The S&P 500 peaked on March 28th and sold off until April 19th. It has now recovered the drop and is above the March 28th close which was $523.07. This is good. We think SPY should clear $530 probably tomorrow and is now at $529.02.

From $530 it is likely that SPY runs to $540. If SPY trades below $523, then we would close this trade. The risk is $6 or …