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shkspr
Jun 16, 2022 5:02 PM

SPY | LONG | short term swing play Long

SPDR S&P 500 ETF TRUSTArca

Description

AMEX:SPY

Possible Scenario: LONG
Evidence: Technical Indicators, RSI, Volume, Chart Geometry
TP: 390$ to fill the gap
Timeframe: next two weeks.

* I believe we will see a counter-rally because of technical reasons, maybe we see a short squeeze. but my mid-term target for SPY is 340$.

*This is my idea and could be wrong 100%

Trade active

so far so good.

Trade closed: target reached

Congrats :)
Comments
ehaag100
it's not a bad idea but I would't be surprised to see $352 before the relief bounce. The fed was so terrible and some how the market went up?!? I loaded puts at yesterday's close. Jpow had to read his papers and looked scared. Another .75 hike next month because they know inflation is going to hit another high. lol Careful trying to time a bounce, it won't last too long
shkspr
@ehaag100, it hit the target, I expect more upside to 401$, but let me get confirmation next week Monday
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