SPY - SHORT
No buyers today. Great day to start short and just watch the profits accumulate.
This is the 2-day chart for SPY. We haven't had a significant pullback since September. We're overdue. I've highlighted in orange the bowl price action is working towards. If we get to that low is another question. If we hang out at these prices, we'd need to trend sideways for more than a month before we're anywhere close to the mean metrics. I'm guessing the market will push prices lower quickly to motivate buyers to show up. With price action falling the way it is, stop-losses are being triggered all day long.
This is the 2-day chart for SPY. We haven't had a significant pullback since September. We're overdue. I've highlighted in orange the bowl price action is working towards. If we get to that low is another question. If we hang out at these prices, we'd need to trend sideways for more than a month before we're anywhere close to the mean metrics. I'm guessing the market will push prices lower quickly to motivate buyers to show up. With price action falling the way it is, stop-losses are being triggered all day long.
Nota
Aaaaand shorts closed. Profits taken. Hungry hippos time for the big dogs. My guess is they're going to fuel a tear up leveraging all the short positions opened today.Nota
Buyers showed up @ $369. I'm looking for another fall to $366 tomorrow AM and bounce. To higher highs? ATH's? This short wave may be more brief than us bears would like. Don't fight the tape. Ichimoku clouds are quite useful on the 15-30m charts.Nota
Price action is slowly digging its way out of the abyss. Not going long. Just eating popcorn and watching. Power hour crew is here. Expecting a massive volume sell into close.Nota
Former support turns resistance: $373. Back down to $369 into close.
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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.