Inizia
ChaldeaCode

$spy s&p 500 etf CAUTION CAUTION $spx

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
ChaldeaCode  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns Fundamental Analysis SPDR S&P 500 ETF (SPY) SPX (S&P 500 Index) S&P 500 (SPX500) spy500 spyshort spx500short daytrading
10
0
trendanalysis chartpattern fundamental spy spx spx500 spy500 spyshort spx500short daytrading
The S&P 500 broke out of its descending trendline on Tuesday and is bulling, here is why I'm playing this cautiously...

It has a gap (red) that it is beginning to fill. It can easily fill the entire gap (into supply zone) and be in this bear flag territory.

This could be a BIG BULL TRAP. Beware as we head into FOMC Fed Meeting next week. I would not swing long into resistance under these circumstances.

Can it break out above? YES.
Do I think it will? NO.

Only time will tell.
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.