futuresfirsttradingacademy

SPY MOMENTUM PATTERN PLAY MOVES

AMEX:SPY   SPDR S&P 500 ETF
60 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.
Ideas Scripts Chart
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