jbird7839
Short

SPY - Gap Down Today / Exit Points for Short/Puts

AMEX:SPY   SPDR S&P 500 ETF TRUST
Happy to see some of my friends on here making money this morning. Glad we saw this coming!
As we continue to work this trade, I have others into January and February. So things are stacking up nicely. :)
Top gap got filled. Two more gaps below to fill (farthest gap down is $295).

Exits for Shorts/Puts-
1st - RSI 30 - price will rebound upwards. Time exit before RSI rebounds.
2nd - At gap fills ($295)
3rd - Price going to yellow support $300, or pink support next same as gap fill $295 level.

I will update chart when trend changes to bullish .

SPX Chart from Today below (mostly similar - for reference)

Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC , BTCUSD , VIXY .
Short SPY and AAPL .
Are you still bearish ?
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jbird7839 Korinthian
@Korinthian, Yes. Shakeout this morning. Look at the chart. Nothing moves in a straight line up or down.
You can believe the BS artists on the news, or believe lines and math.
The choice is yours.
To me words from news anchors or politicians are more fallible than lines on a chart.
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Thank you for the update and millions of congrats!
I checked a few hourly, daily, and weekly charts. As a layman, I think the BUY interests will bring SPY up a little this week, then ends further down as you mentioned. I'm personally trying a bit short-term calls, too curious about the rest of this week, lol.
Cheers~
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great job!! Thank you
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@tttdiff, Thank you for your comment. I appreciate it.
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well done, very much like your analysis
+1 Reply
@AT145, Thank you very much. You can check in and see if you would like to follow.
I have some upcoming ideas for Jan/Feb. Too early but list is ready :)
I appreciate all comments. Good luck out there!
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Well done fellow trader, maybe I'm gonna do a breakdown
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jbird7839 transparent-fx
@transparent-fx, Thanks for the comment. I appreciate feedback even if it's just an intro.
I like analysis. Please feel free to analyze my work. Helps me be better or at least see things from your point of view. :)
Have a good Holiday.
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