I am preferential to a small "move" to 265 before we blast higher on SPY. Last two days of previous week appeared to be a retrace within a retrace on path to 265 on SPY. However, we are at a critical time now. The real market moves are made when the US market is sleeping. Will we gap up tomorrow or gap down?
Bearish outlook: We need to turn around and head south about now. 2 bearish indications on the chart - the divergence and the SMA resistance that was honored previously. There is a bullish high high, higher low too, which if it continues will mean this bearish retrace is over.
What numbers am I looking for? Primarily the SMA. I am bearish with some puts and shorts bought on Friday in anticipation of a gap down but will flip depending on what happens tonight.
Caveat Emptor and good luck!
Bearish outlook: We need to turn around and head south about now. 2 bearish indications on the chart - the divergence and the SMA resistance that was honored previously. There is a bullish high high, higher low too, which if it continues will mean this bearish retrace is over.
What numbers am I looking for? Primarily the SMA. I am bearish with some puts and shorts bought on Friday in anticipation of a gap down but will flip depending on what happens tonight.
Caveat Emptor and good luck!
Ghi chú
Ghi chú
In the chart, I meant to say Higher High, Higher Low. I wrote incorrectly Higher High, Lower Low. Sorry about that.Ghi chú
Ghi chú
Ghi chú
We set new highs during regular hours. Futures shows a double top counting tonight’s action.Trend is towards the upside.
Đóng lệnh: dừng lỗ
Closed puts on Monday.
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.