ATR Based Trailing Stoploss
SPY Potential Breakout on 15min bars
Nice inverse head & shoulder patter and a potential breakout
my indicators are generally signaling sell but this volume analysis looks like there's enough for the buyers to hold on. Potentially a good dip to buy. An open below 247 could signal a move down to 234.
No bullish RSI divergence present indicating the market has not yet found a bottom.
Look at that OBV! Tempted to get in, but I'm afraid of a big pullback. If the pullback subsequently forms a "V" above the OBV MA and above the Aqua line, I'll consider a position.
~7% profit. Interesting choice because I am also short gold, which on average has a +.2 correlation to TLT.