hockeysniper

Weekly SPY chart, Did we close with a higher low?

AMEX:SPY   SPDR S&P 500 ETF TRUST
If you had a rough week or 2, you are not the only trader! The weekly chart confirmed a double top, then we backtested 320, which is a level of support from June 2020. 326.55 needs to hold, so we have a higher low on weekly timeframe. Daily timeframe, I was looking for a cup and handle, but the handle failed after FANG reported ER's Oct 28th. I was following my options flow for FANG and most were far out into 2021, which meant bearish, imo. I am just watching Solar (TAN, FSLR, SEDG) and EV stocks, as this is Joe Biden's play if he wins election. Election is Nov 3 at night, Trade safe!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.