WallSt007

Double top -->reversal pattern on $SPY

Short
WallSt007 Aggiornato   
AMEX:SPY   SPDR S&P 500 ETF TRUST

Why?
14 Green days on SPY!!
One of the longest green day runs on spy in terms of Heikin Ashi candle.
Possible pullback to 331.40 area.

I am not asking for a flood to super lows, just a healthy pullback would be very reasonable.
We could bounce if stimulus talk goes well in the feds.
Trade chiuso: stop raggiunto:
So on Sunday night, Trump scheduled a last minute press conference and talked about executive order for vaccine.
Pretty much caused the market to rejoice and gapped above the double top.
More or less, our big short was invalidated once it gaps over, they will probably use the double top as a strong support now.

If you appreciate my technical analysis and want to tip me
---> www.patreon.com/WallSt

Also don't forget to check my other pages beacons.ai/diywallst
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.