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caldooninvestment
4 Th03 2022 16:40

SPY - Guys, We are going down! Giá xuống

SPDR S&P 500 ETF TRUSTArca

Mô tả

-As situation in Ukraine worsens and risk of Nuclear Plant that is literally on fire right now increases, SPY moves further down!

-Meanwhile USO (US oil) keeps increasing and inflation is not improving at all.

-On technical side the Double-Top was confirmed and we expect the SPY to hit $413 soon!.
Bình luận
vrm07
Thank you. The double top is not confirmed until it goes under 428 early next week. On the contrary if it hits 441, double bottom is confirmed. Given all the current macro situations, fully agree with your overall direction.
YMGroup
Good spy work buddy :) thanks for sharing this short signal
caldooninvestment
@YMGroup thank you dear!
AtlasTrades
nice TA :) I agree that SPY will gp down
caldooninvestment
@AtlasTrades Thank you!
TradingLamp
Nice analysis, many thanks. 💡
caldooninvestment
@TradingLamp Our pleasure dear 🙌
caldooninvestment
Our pleasure dear! At the time we were sharing this post it was standing right at $428 and was breaking below. Due to high market volatility it rose couple dollars up but we expect a drop again 🙌
caldooninvestment
$425 is where you call it a day and exit the trade, not where you start it. $429 is a pretty good spot for a call spread 👍 Already closed in profit
actualSalami35170
It would need to drop to 425 to confirm it was a double top.
If it passes 441 at this point it will be a confirmed double bottom.
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