Reverse Cup and Handle On SPY.

So, I am looking at spy on the 1 minute and I see this beautiful arch It got a cup, and the handle is either forming or formed. So, I double check on the 30, 1 hour the 4 hour and the daily. The Daily is kind of eh. So, I can see it going down on the 1 minute if the Handle has formed and touching 660, But on other time frames like the daily using a 50-day moving average along with a support and resistance line you can see it go as low as $650, Since I am usually a crypto bro and Now I am trying my hand in stocks. It's not even the volatility that I struggle with its the Market reaction to the news. You can see something like a reverse cup and handle form and if trump says, " All American citizens should be on the lookout for SPYies." All of a sudden, the SPY will do the opposite of what should happen when a cup and handle is forming. Although I regret putting in my position to soon and not looking at the chart first I put in a long call for $675- to $680 now I feel like. I should stick back to paper trading crypto at least I was more successful. I guess it's just a learning curve for me. But we shall see hopefully some good new tomorrow lol.


THIS IS NOT FINANCIAL ADVICE, BE ADVISED THIS IS MY OPINION AND JUST BASSED OFF OF WHAT I LEARN FROM LEARNING TRADING STRATGIES ON YOUTUBE. GODBLESS YOU ALL AND GOODLUCK. I need to do better.


Lesson learned this week.

Dont chase the rabbit
Look at the chart first before you put in a trade. I am about to blow up my account in a bit. SMH Went from $260 to $830 in a month doing swing trades. Not im back down to $300, chasing the rabbit and spending money moving. Ugh wish me luck its hard out here for a PAMP.