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UnknownUnicorn1020621
Oct 28, 2020 10:29 PM

SPY Short

SPDR S&P 500 ETF TRUSTArca

Description

Maybe setting up for another 4% drop to the 200ma and S&R confluence zone. Let's see what we get.

Lost the long trade on this one.

Comment

Comments
SLOPolarBear
The bulls acquiesced today. A lot of people burned up double-digit losses on Calls. Fear & Greed and VIX are both broadening. Everything is pointing down for open tomorrow. $320 acted as a major support of resistance on Jan 31, Feb 24, and Sep 24. Expecting a gap down tomorrow AM and a doji printed on the daily, similar to the candle on Feb 24 just before the cascade. If we break thru without a pause on the daily, I would be open to a fall as low as $280.
poister198
Seems 326 is the next support, if above 326 near closing, would defo buy dip. However long sl would be 320, but lets see!
pechi123
test
pechi123
Volatility is getting sucked out of market, retracement levels have been surpassed. Further development into a 5 wave pattern will mean a low is already in place
UnknownUnicorn1020621
@pechi123, I see no new tradeable setups. We will just have to see how this will resolve
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