Idea for SPY:
- We now enter a short position as per seasonality and macro headwinds.
- Price offers a QUALITY stop level above the descending channel top.
- Bear flag/Rising Wedge breakdown.
Oct/Nov puts may be a plentiful harvest. Would consider reverse if the 440 level breaks out to the upside in a manner of conviction.
GLHF
- DPT
- We now enter a short position as per seasonality and macro headwinds.
- Price offers a QUALITY stop level above the descending channel top.
- Bear flag/Rising Wedge breakdown.
Oct/Nov puts may be a plentiful harvest. Would consider reverse if the 440 level breaks out to the upside in a manner of conviction.
GLHF
- DPT
Comment:
Yields are troubled before FOMC, this is a bit of a tipoff:
Comment:
What the saying about Fed? First moves always fake:
Taper was not pushed back, therefore this is bearish IMO.
Taper was not pushed back, therefore this is bearish IMO.
Comment:
Add, Debt ceiling looming. Govt shutdown looks likely and Oct 15 X date:
bonds are being dumped. Fear of default?
However, Another day of rallying would invalidate this bear trend.
bonds are being dumped. Fear of default?
However, Another day of rallying would invalidate this bear trend.
Trade closed manually:
Something changed during FOMC. Looks a lot like intervention of some sort, probably relating to the RRP limits.
Going to wait for confirmation of structure for the next move:
Going to wait for confirmation of structure for the next move:
