YusufS

SPY 7/13 possible short entry trade on retracement setup

AMEX:SPY   SPDR S&P 500
I used my fibonacci retracement tool and my fib extension tool to discover confluence in the 208.90-209.00 level. We have been stuck inside sideways consolidation for quite some time now however the RSI is indicating a gradual pace of momentum or strength building up for the Bulls. I can't tell the future but i cant certainly tell you that the level around 209.00 is very strong resistance. An oversold 5 mn             . RSI and a failure to exceed the 209 level can trigger a short sell. The possible exit targets are either 207.80 or 207.12.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out