futuresfirsttradingacademy

SPY MOMENTUM PATTERN PLAY MOVES

AMEX:SPY   SPDR S&P 500
61 0 1
Always use good fundamental data and market sentiment for that trading day to reinforce your trading decisions

Horizontal lines are great sideway breakout indicators
Fibs clearly show a short trading play with a reversal breakout on the upside highlighted in Green
At the high point of the upside movement, there is a breakout to the short side
The fib circle is a great tool to confirm the progression of how long the short play will ride and serves as reinforcement for your core mindset principle strategy of holding onto the trade.
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