rlim
Short

Don't see strong support for $SPY until 198

AMEX:SPY   SPDR S&P 500 ETF
25 1 0
tl; dr             I am short this week and next week. Expect support at 198.

4-5 large volume selling days in the last 8 days.
The last 2 days were very bearish candles with closes near the lows.
Broke though the 208 support on Friday without much resistance. It will be interesting to see if it is still considered for resistance in the future.
Has broken 10,20,50 dma without a sweat. 100 dma is next, but based on the previous lows, I am not surprised if it doesn't hold.
There I don't see any support until previous lows of 198.

I will hold off entering any long positions until 198, or get a up day on large volume .
I wondering if I should short $SPY if there is a rally in the next few days.


rlim
2 years ago
Who knew good news can be so bad?
Market is down on fear that Fed will raise rates because of strong numbers.
Strength of the dollar is also going up.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out