$SPY is forming a beautiful H/S on the 1 Week chart, Levels to watch for?
450.64 +
446.08
these are short term levels I am interested in watching, a break above 453.72 will just persuade me to add to my short position on $SPY
We all get very caught up using the smaller time frames, sometimes it gets me thinking where is this thing really headed?
Truth be told, no one knows for sure. We can just do our best to analyze the charts as we see it. I wouldn't recommend trading SPY until a cleared direction has formed,
and if you are short on SPY make sure the position is long!
Goodluck,
SmartFlip
this is not financial advice, just my opinion
450.64 +
446.08
these are short term levels I am interested in watching, a break above 453.72 will just persuade me to add to my short position on $SPY
We all get very caught up using the smaller time frames, sometimes it gets me thinking where is this thing really headed?
Truth be told, no one knows for sure. We can just do our best to analyze the charts as we see it. I wouldn't recommend trading SPY until a cleared direction has formed,
and if you are short on SPY make sure the position is long!
Goodluck,
SmartFlip
this is not financial advice, just my opinion
Comment:
Initial Spy chart still in play, this POS is long for me, 1 week chart is what I will base my accumulation with. Goodluck traders
Comment:
Trigger's
below 444 ---> 441
above 448---> 451
We are likely to see some chop before our next leg down below 444. We could even run up to 451 before taking the fall down to our short targets
Long Long Long ! dont forget to hedge your trades!
below 444 ---> 441
above 448---> 451
We are likely to see some chop before our next leg down below 444. We could even run up to 451 before taking the fall down to our short targets
Long Long Long ! dont forget to hedge your trades!