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SPDR S&P 500 ETF Trust

SPY gap higher on good economic report. Potential swing fade

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Retail sales report came in higher than expected, prompting the pre-market price action to move higher - so the market is looking like it will open on a gap up today close to the declining 5DMA. A potential short sale set up. Intraday levels of interest are shown in the video.
dylanmojo
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Chart PatternsintradaymultitimeframeanalysisshortSPDR S&P 500 ETF (SPY) swingTrend Analysis

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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.
Chart PatternsintradaymultitimeframeanalysisshortSPDR S&P 500 ETF (SPY) swingTrend Analysis
dylanmojo
Also on:

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.