SPDR S&P 500 ETF TRUSTAggiornato SPY UPDATE
I took a swing on Friday with semiconductors and went all in mid day today.
Took all profits EOD as I reached my target at +-380 and since we are overbought on 5-15min ,
went with small positing shorting semis.
My last chart was painting H&S, which I was not completely sure about.
Its still valid and may play out, however SPY is bullish and may shoot much higher.
Unless some horrible news happen, I am convinced we are going to end the year with 400+
there is a inverse H&S on 4h. (green line)
So there is no clear path now and if we don't complete H&S in two next sessions,
I am going to seat on cash until things become clear.
Good luck to you all!
Note:
I made a quick post mid day to have people loadup , but the time frame was too short and my post didnt make it.
Took all profits EOD as I reached my target at +-380 and since we are overbought on 5-15min ,
went with small positing shorting semis.
My last chart was painting H&S, which I was not completely sure about.
Its still valid and may play out, however SPY is bullish and may shoot much higher.
Unless some horrible news happen, I am convinced we are going to end the year with 400+
there is a inverse H&S on 4h. (green line)
So there is no clear path now and if we don't complete H&S in two next sessions,
I am going to seat on cash until things become clear.
Good luck to you all!
Note:
I made a quick post mid day to have people loadup , but the time frame was too short and my post didnt make it.
Nota
I played short on a retracement and got out at around 379, that was fast. I didn't expect V recovery. I am on the sideline for the moment.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.