AMEX:SPY   SPDR S&P 500 ETF TRUST
Just posting an update. Keep an eye out for that 61.8 at 429.82 however if we go further, watching these the two fibs above orange wave 3 just in case. I tend to day trade around these higher/lower area's around targets and reduce swings towards the targets unless very small position sizes.

Will be keeping an eye out for 420 puts when we get close to a reversal pattern on 15 min/ 30 min/ 1 hr chart. like to see all 3 show the sign and take a starter position and add as each level breaks down.

I personally will be looking at 420p 8/19, 8/26, 9/2 however this is my own thoughts and not financial advice.

Area's i'm keeping an eye on:

Upside: 429.82, 430.27, 432, 435, 436.95

Downside: 428, 427, 425, 423, 421/420

Good Luck Traders!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.