SPY falls out of its channel on geopolitical risk SHORT
SPY on the 2H chart shows the past six months of trend. SPY has been in an ascending channel
but fall out of the channel. Iran's ambition to retliate against Israel and the movement of US
NAVY warships into the the Middle East raises concerrn as does "sticky inflation" and early
earnings reports from big banks. On the chart, trend angle analysis suggests the SPY may be
topping or correcting its ascend. The shorter VWAP line are more flat than the longest VWAP
line. I see this as impetus to further implement my hedging strategy with conviction and
discipline. I can easily appreciate that SPY could pullback to 490 ( the middle anchored VWAP
line) and easily could pullback into 465 as a standard Fibonacci retracement. Obviously
fundamentals can trump technicals. Geopolitical risk is significant can easily trump both of
them. I find good cause to hedge with inverses of ETFs of the indices and inverse ETFs for
technical stocks, and perhaps banks, financial stocks and bonds as a means to buffer any fall
my long positions moving forward.
but fall out of the channel. Iran's ambition to retliate against Israel and the movement of US
NAVY warships into the the Middle East raises concerrn as does "sticky inflation" and early
earnings reports from big banks. On the chart, trend angle analysis suggests the SPY may be
topping or correcting its ascend. The shorter VWAP line are more flat than the longest VWAP
line. I see this as impetus to further implement my hedging strategy with conviction and
discipline. I can easily appreciate that SPY could pullback to 490 ( the middle anchored VWAP
line) and easily could pullback into 465 as a standard Fibonacci retracement. Obviously
fundamentals can trump technicals. Geopolitical risk is significant can easily trump both of
them. I find good cause to hedge with inverses of ETFs of the indices and inverse ETFs for
technical stocks, and perhaps banks, financial stocks and bonds as a means to buffer any fall
my long positions moving forward.
Comment:
Trade active:
QQQ is following the same loss of overall trend- chiseled in technical stone not
tea leaves and crystal balls......
tea leaves and crystal balls......
Comment:
QQQ is a 2 degree trend angle in the past month and actually a negative angle or
slope in the past two weeks.
slope in the past two weeks.
Comment:
SPT 30 days negative 4 degree trend angle buyer beware
Comment:
Trade active:
Monday session long trade reverting to the mean- reversal as above detail below
Comment:
SPY moving up in premarket. Looking for a break trhough 414-415 then targeting 419
Comment:
Comment:
Sideways today overall Intraday Put Option Scalp went 3X form the low pivot.
Trade active:
The trend continues Shorting SPY and QQQ both.
Trade active:
SPY is down 4% off the high pivot of April 1st a forecasting algo predicts another week of a trend down,
Trade active:
Added to the position of shares. Intraday scalp of put options expiring tomorrow yielded 7X. Israel says it will retaliate without US is likely just tough talk in the argument. Oil prices on watch. Technically a reversal could occur with fundmentals
esp geopolitical and rate hike concerns would likely dominate.
esp geopolitical and rate hike concerns would likely dominate.
Trade active:
Continuing SPXS shares and SPY put options- the correction continues
Comment:
Bearish bias continues down 5% from 2024 ATH now with a bear flag