SPDR S&P 500 ETF TRUSTPenjualan
SPY / ES - (Bearish) 2 Bar Reversal
Last Friday SPY had formed a very large 2 bar reversal from a key support and resistance level. This could see prices rotate down towards 2600 before potentially finding some support. As this market has been strongly bullish , caution is more than warranted if you are looking to short it. Although, this looks to be the best bearish setup that I have seen since the initial rally started last December. If price gaps down tomorrow, I may be looking to short once the gap is filled, or even more aggressively waiting for a 50% retracement of the 2-bar reversal pattern.
The weaker ETFs such as XLF or XLE may be even more attractive shorts.
The weaker ETFs such as XLF or XLE may be even more attractive shorts.
Dad of 5 • Dev • Candlestick Whisperer • Crypto class of 2019
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Dad of 5 • Dev • Candlestick Whisperer • Crypto class of 2019
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.