Yesterday in the last minutes, the SPY gave up and failed to consolidate above 313.1.
It means that shorts can work well today.
Nevertheless, I have chosen both shorts and longs for today's trades.
The first paper for the AMPY short.
What's on a chart:
1. Strong mirror level 1.5.
2. The level is reinforced by a round number.
3. Sold all growth.
4. The pressure is formed with an accumulation of position.
Entering the shorts after the breakout and fixing under the level.
Protective stop order is placed above the level.
Without waiting for the price to fix we place a Sell Stop order in advance and wait for the break-down.
We place the security SL order above the level.
Perhaps the first SL will be triggered, we will need to enter the position again after the first false breakout.