SPY: Another chance to short
quick Idea:
SPY just has a massive rally with no pullbacks and was not able to crack the previous high (yet). It's a risky short but price is resting below the 200MA on the 1HR so has not completely broken out of resistance. I see this playing out as a ABC correction with ~370 as the C wave completion.
SPY just has a massive rally with no pullbacks and was not able to crack the previous high (yet). It's a risky short but price is resting below the 200MA on the 1HR so has not completely broken out of resistance. I see this playing out as a ABC correction with ~370 as the C wave completion.
Not
So far, so good. Could reach target by EOW with this momentumİşlem kapandı: hedefe ulaştı
I'm gonna go ahead and close this one early - Will look for the next SPY move soon but happy with the trade - a lot of other long/short opportunities will be set up in the market because of this move. May still reach 270 by EOD/EOWNot
Glad I closed early before the chop to this brutal bounce!
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.