SPY Long Idea
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SPY is making new all time highs once again. Has a nice breakout here, I'll be looking for longs on a retest of the trendline below, if that doesn't hold, I'd expect to come back down to the $550 area before bouncing again.
Nota
Well it tried to hold but eventually fell below. There's just no momentum today, near 0% change on the day. This could still go either way still, but I would've liked to see it hold above better than it did for longs.
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advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
ko-fi.com/advancedplays/tiers
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
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