Last Friday we close the market with a Doji with a gap up, with the highest volumes we've seen for almost two weeks. Additionally I see a bull run lacking momentum to continue for long based on the low volume: People are not willing to buy at this price, and could be looking at an opportunity to sell. I think tomorrow, April 19 will decide if the bull run will continue or a correction is bound to happen. The confirmation for the short position will be a retrace to the 413 levels, ideally with a gap down. From there we could be testing the 400 levels which is a nice psychological support, but I can see it coming at lest to the bottom of the channel.
Nota
As expected today SPY traded lower than last Friday but the performance was not as decisive as I would wanted to be. Bears took the lead early on, but they were rejected at the previous gap-up at 413.7 (although not very convincing). My strategy for tomorrow is to go short after breaking the 413.7 barrier (say 413.2) with a very conservative stop loss.
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.
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.