Lucas_Sochulak
Long

SPY, Which support will stand a chance against new black swan?

AMEX:SPY   SPDR S&P 500 ETF TRUST
Hi, traders.
My name is Lukas and I am a beginner in trading, respectively, I only trade 6 months. But that means I have to do the necessary analyzes without it I can't trade. I want to show you how I work on myself and document my beginnings. I use Vix and my strategy is built on to return to average. I highlight the important support levels and resistances that flow from the volume profile , all drawn on graph. These zones determine the ability to respond in some way to the market from 1 to 3, with 1 being the largest.

Short description of analysis:

We are experiencing negative records that have never been here before. Let us be grateful that we are experiencing something like this, because we will gain experience about markets that they do not even describe in 1000 books and movies. Back to analysis. We can see strong support zones that confirm that markets have already responded to these zones in the past. But we are in a very pessimistic period of time, where markets can fall 10% per day. Focus on long periods, even one year. We are looking for the bottom now, but we will rise soon.Of course, my analysis does not serve like market forecasts and I am not responsible for your trades if you use my analysis for your own trades.

Comments

Nice post. Keep up the good work. My read is that volatility will go down after this Friday, March 20, and that a bottom will be hit between this summer or winter, low 200s to 180s
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Lucas_Sochulak LotzToLearn
@LotzToLearn, Hi! Yes it may happen, markets these days are crazy..
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180 is pipe dream
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Lucas_Sochulak MrMarketMaker
@MrMarketMaker, Hi! Yes it may happen, markets these days are crazy..
Reply
Lucas_Sochulak Lucas_Sochulak
@Lucas_Sochulak, Sorry I didn't want to post this on this comment.
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Lucas_Sochulak MrMarketMaker
@MrMarketMaker, Yes it is dream, but we need to stop dreaming, rather start thinking rationally, especially in these times.
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