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SPY - Is this the bull trap channel?

AMEX:SPY   SPDR S&P 500 ETF
315 20 1
SPY             - Is this the bull trap channel? Always look like a rally, but no new highs... hmmm
maincuts
3 years ago
it plays the waiting game for the big news.
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MarketSwingPlayer PRO maincuts
3 years ago
Probably so, but I think price is being manipulated too.
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Beautiful long candle at the close just like yesterday. Are we gonna rally or gap down?
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Who could have guessed a one day move? Gap down Yall! :D Cheers
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Now confirmed a bull trap channel. Play it till it change. Cheers! :)
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osci
3 years ago
you rock sam :-). you are siegfried & roy for the price.
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MarketSwingPlayer PRO osci
3 years ago
Cheers!
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Price at the bottom of the channel. Will price bounce of go lower. Sweet Cheers to all
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MarketSwingPlayer PRO MarketSwingPlayer
3 years ago
Correction: bounce or go lower .
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Long off bottom of the channel. (temp) :) Play it baby whewwwwww
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Hopefully we open in the $166ISH range. Hoping we can hit $165ISH soon. "No pain, no gain! They tried to play the game on us.Cheers :D I am sure we went short at the top lol
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Price should bounce this morning, unless disaster news come out. Price is near a pivot point where price bounce within the channel. Looking for long then short intra-day entry today
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High for the day $168.20 - $168.35 then down.
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Declining channel support broken. Down more Bearish
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No longs today, market is in fear now.
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Price back in channel Major buying taking place
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Just follow the channel. So far it is still holding up. I will only take short positions for now.
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Looking for shorting opportunities only today. I don't trust this huge gap up. Institutional buying surge price then back down
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