TintinTrading

🎯 HISTORICAL EDGE - 🎾 BOUNCE?

Long
AMEX:SPY   SPDR S&P 500 ETF TRUST
Today was interesting day since a few things have triggered:
✅. Yesterday we gapped up
✅. Today we closed at a 10d low
✅. Today we closed under 200MA
✅. Today we closed at 25% of the Daily Close Range (shame)
🦄. Some additional technical magic filters

We tested the times this has happened...since 1993📆 !

We saw a relatively bullish move. The 2DAY move on the spy has been bullish nearly 83% of time🟢 . This type of setup has occurred 1️⃣8️⃣x!
Average move up has been about 3% over a 2day period, which is positive🟢 .

However, if we do not observe strong bounce, probabilities stack strongly to the downside, so observe and evaluate 🔴 .

However, as our members hear me repeat over and over again patience is the name of the game!
Trade safe

👉 I provide FREE EDUCATION + COURSES here: tintintrading.substack.com/

👉 I share my TRADING everyday here: discord.gg/gTmcqWyWWe

👉 I sell premium indicators here: tradingviewindicators.net
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.