We are setup to fail on SPY. Overbought RSI, consecutive ATH's...but we have more room to run.
$319 seems to be ultimate top before we are in the RSI 90+ zone.
We can look to enter positions for Puts or shorts with 30 day time horizon once RSI breaks trend.
Once RSI breaks trend, price can lag so account for possible time when purchasing options.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY and short AAPL.
$319 seems to be ultimate top before we are in the RSI 90+ zone.
We can look to enter positions for Puts or shorts with 30 day time horizon once RSI breaks trend.
Once RSI breaks trend, price can lag so account for possible time when purchasing options.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY and short AAPL.
Not
CNBC - SP500 Ready for 10% Pullbackyoutube.com/watch?v=V0AmWAiwiwo
I am currently active in this position with a Put.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.