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SPDR S&P 500 ETF TRUSTAggiornato

Cup and Handle Forming for SPY

Looking at the hourly SPY is forming a nice Cup & Handle and might break out in the coming days. I have a couple targets set as well as a stop loss. Let’s see what happens tomorrow.
Trade attivo
Was hoping for a $440 Close but since this is still above the trendline Target 1 is still intact. $438 seems to be a pretty solid support, if it goes below that, I will stop loss.
Trade chiuso: obiettivo raggiunto
Target zone 1 reached, sold all calls. Will see if an uptrend forms towards target 2.
jsitonphoto
Chart PatternsCup And Handle
jsitonphoto

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