Looks like SPY targeting 280 on 'V'?
Currently it is sitting lil above 200 MA. which is positive. once it successfully get 200 MA as support (not resistance) then 280 is quite possible.
Wait for this to hit above 200MA. then let it find support at 200MA -> this will be our buy point !!
Currently it is sitting lil above 200 MA. which is positive. once it successfully get 200 MA as support (not resistance) then 280 is quite possible.
Wait for this to hit above 200MA. then let it find support at 200MA -> this will be our buy point !!
Comment:
Check how easy it went above 200 MA. Now it should see the 200 MA as support. If not our trade will be cancelled
Trade active:
Fell below 200 MA and trying to cross it again.
Less risk here
Less risk here
Comment:
BOOOOOOOOOM!
Comment:
Have your stops according to your risks.