Alert set at $320.09 for break of previous low (confirmation of bearish trend).
Currently active in SPXS as bearish entry.
Trade Entry
Bearish entry below $320.
Stop is Daily high 2 days previous $323.64.
This is not ready for entry yet IMO. Need to be careful here with artificial money coming into market with Repos. www.newyorkfed.org/m...-operational-details
Chart Details
SPY has been ready for downturn. Every day there is a Repo, there is either stall or reversal.
Repo’s run out on 1/14. I think we are seeing an end to bullish SPY trend as the liquidity stops.
Price broke white trend on Dec. 30. Fed Repo injection on Jan. 2 (market goes up to ATH’s).
Price working in pink channel until tips over to break moving averages.
Below $314 confirms 10WeekMA. The higher we go, the more likely the 10WeekMA cross is likely to occur.
About Me
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.
Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards.
Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, CRWD Bullish short term.
Currently active in SPXS as bearish entry.
Trade Entry
Bearish entry below $320.
Stop is Daily high 2 days previous $323.64.
This is not ready for entry yet IMO. Need to be careful here with artificial money coming into market with Repos. www.newyorkfed.org/m...-operational-details
Chart Details
SPY has been ready for downturn. Every day there is a Repo, there is either stall or reversal.
Repo’s run out on 1/14. I think we are seeing an end to bullish SPY trend as the liquidity stops.
Price broke white trend on Dec. 30. Fed Repo injection on Jan. 2 (market goes up to ATH’s).
Price working in pink channel until tips over to break moving averages.
Below $314 confirms 10WeekMA. The higher we go, the more likely the 10WeekMA cross is likely to occur.
About Me
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.
Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards.
Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, CRWD Bullish short term.