starexplorer

Short SPY

Short
starexplorer Updated   
BATS:SPY   SPDR S&P 500 ETF TRUST
Weekly RSI support line broken
Daily under Ichimoku cloud

TP1: Daily support trendline from beginning of year or monthly 8 MA or towards 1st gap fill
Comment:
8 month ma potentially reached
Strong 150 day EMA bounce on ES1!

Expecting rejection of some EMAs potentially this week but not guaranteed.
Expecting weekly bearish continuation
Comment:
Approaching support trendline.
Advise selling at daily support trendline.
Trade closed: target reached:
Gap filled and at support trendline, exercise caution from now with shorts

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