BEI
Short

SPY - SHORT

BATS:SPY   SPDR S&P 500 ETF
89 1 0
158-160 from this shorting zone
My technique is suggesting two scenarios:

1- Trendline alpha2 has broken, High #2 has been made last week and prices should correct 158 area from here.
2- Trendline has not broken yet, alpha1 needs to break, prices eventually fill the gap and correct to 160 area. This should bounce from BB+ on daily time frame

Ability to break small red trendline will confirm reversal.

Two things to keep in mind :

1- This configuration is a median failed breakout on BB strategy, failing and thus making prices come back down instead of continuing ascension.
2- The third red trendline is alpha3 and is next significant support (daily and weekly) if L1 lows no longer acts like support.
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out