whiteknightmoving
Long

Spy - Still on track!

AMEX:SPY   SPDR S&P 500 ETF TRUST
Today we got the pullback into the buy zone and I flipped (sold) the puts for a profit. Then at the same time I bought calls. At this point SPY may be making a new small Gartley Pattern shown in red. If this happens, I'll buy another batch of calls. I'm still looking at the bigger bullish trade up to the 274.50 sell zone area this week. As the old TV game show "The price is Right"
the host Monty Hall used to say "Come on Down!"
This would give us a small b wave pullback in the larger c wave up. That would complete wave 2 in a bigger bearish market. So we are counter trend trading this for a few days.
Yes - I wish....the invitation....a chat room would be great!
I'm the "beggar" here...so any coins of wisdom you wish to throw my way concerning charting or setups - would be appreciated.
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That would be great - many thanks!!
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@notmyname, getting interesting. I'm trying to get a public chat room going. but I'll let my friend invite you if you wish... for now at least . I do think soon we;ll get enough interest to qualify for our own chat room. Hey should contact you this weekend, thanks for your patience. I'm just an old trader learning the format here on Tradingview
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thanks!
appreciate your post(s).
do you have a daily, weekly, monthly chart to show for spy?
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@notmyname, I 'll make a new one this weekend looking at how to play the rest of december
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