TradingView
WinnerTrader99
Oct 1, 2019 7:46 PM

$SPY Strong Bearish Pattern with almost Double top targeting 286 Short

SPDR S&P 500 ETF TRUSTArca

Description

RSI falling with other indicators if closed today with large engulf red candle then next target is 292 then 290 then 287 check previous analysis for further details.

Trade active

Trade closed: target reached

Perfect 100%

Trade closed: target reached

Bounced from 284.48 after passing my goal at 286 .. strong bounce but lower volume perhaps small doji candle on Monday

Comment

Comments
DaddySawbucks
Looks like it could go into the box on Wednesday, at 287 it taps the TL from August lows. Only 60 pips below close and trading lower aftermarket, under 293.
WinnerTrader99
Icemangold
It can change with one tweet though.
WinnerTrader99
@Icemangold, agreed but maybe after gaps filling
DaddySawbucks
@WinnerTrader99, Looks like it could have residual selling at the open look for a pivot intraday Thursday. Getting close to end of this wave; the Wave 2 bounce is usually vigorous. Then the real selling starts...
WinnerTrader99
@DaddySawbucks, agreed i think its most favorable scenario for many ..
DaddySawbucks
my thought zackly small doji monday >throwover
ugh2022sucks
now what?
WinnerTrader99
@christiandeleon415, Expect bounce from channel bottom between 286 and 283.5 . if break 283 will be high bearish signal
ugh2022sucks
@WinnerTrader99, Just bought calls on 2nd and have tripled my money, and yea bull gang for now.
More