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TheChallange
May 27, 2019 7:39 PM

Short the spy below the neckline. Short

AMEX:SPY60
SPDR S&P 500 ETF TRUSTArca

Description

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Good day traders,

There is a good trading opportunity on the spy. Shorting it when the support of the neckline of the head- & shoulder pattern breaks.

Trade active

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Trade active, its below the neckline.

Comment

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It's going in our direction. It's looking good.

Comment

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And again we're riding a winning trade! Keep me supported and I keep posting ideas :)

Comment

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The boss did hit a homerun again!
Trend AnalysisChart PatternsWave AnalysisSPDR S&P 500 ETF (SPY)
Comments
TradingShot
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Target 1 was good enough for me. Well done.
ajayypawaar
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btw- thank you for the analysis!
ajayypawaar
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If it doesnt break, are you long on it?
TheChallange
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@ajayypawaar, No you should rather stay out. Don't ove trade. You only make money with winners, so rather take less trades but with a high proability/profitchange.
ajayypawaar
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@TheChallange, thanks and great inputs on charts.. it worked out, are you still short on spy?
Shiloh777
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Thanks Much.I appreciate it.
TheChallange
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@Shiloh777, No problem!
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