Inizia
ErnestEA

SPY - TD Sequential Hinting Potential Reversal

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
ErnestEA Aggiornato   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Chart Patterns Technical Indicators SPDR S&P 500 ETF (SPY) spy500 snp500 S&P 500 (SPX500) us500
15
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chartpattern indicator spy spy500 snp500 spx500 us500
Using the TD Sequential strategy, there's currently a TD 9 (sell) on 1h, TD 13 (sell) on 4h, and TD 13 (sell) on 1D chart. Not to mention, the gap has been filled and a hanging man candle is present on the 1W chart.

I have set a stop loss at $319, because a high volume breakout through the recent high at $318.50 would mean that it is no longer a potential double top in the making and would indicate further weakness in bears.

Trade attivo:
Did not stop myself out from this trade. Still holding SPY short opened at $318, reason being is VIX is also going up along with SPX. New stop loss at $323.5, expecting weird movements throughout earnings.
Commento:
Something did happen. SPY dumped hard, forming a potential bearish engulf on the 4h chart.
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