DerekD_
Long

$SPY - Not posting another S&P chart until this is O.v.e.r.

AMEX:SPY   SPDR S&P 500 ETF TRUST
THANKFULLY NOBODY'S GOING BANKRUPT YET UNLESS YOU'RE TRADING $TSLA. Nah but yesterday I was legit pissed off just to see this chart. Everything still stands, but to finish this week off 'trying' to make new highs, with a mix of more gravestone doji's I would've had to flip a fucking table just because I can't even watch equities breakout with this type of choppy consolidation. I'd stay out of this until next week in all honesty. If I had to guess, it could just look like some outside candles with small ranges + up / down gaps (nothing to try & flip a profit off of). Sometime last week my old post for $SPY was that any breakout shouldn't be making new lows, but that's not the case this week. I'll leave link of chart I posted literally yesterday that explains the white curve (55 low MA), its positioning, & what you'll see in the case of a breakout confirmation. T minus 5-7 days & I'll be back on my bullish bullshit. 127% fib would be ideal long entry, but I left the 113% (both fib's align w/ 20 & 45 EMA , respectively) just in case anyone freaks out if we saw small break of $274.50 (obviously, larger break of $274.50 is bad, very bad. Not good). Finally a clear(er) bullish divergence in RSI + MFI , + taking the formation of an ascending triangle (unless you're bearish & say it's a wedge?). But I'm going into hibernation until this plays out & might pick up a hobby like a musical instrument or something to calm my trade war uncertainties. GL to all

Chart from yesterday (emotions got the best of me) -

Comments

@ piss worm emotions :-)
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