SPY: Currently Testing the Final Support

Singkat

SPDR S&P 500 ETF TRUST (BATS:SPY)

Telah dikemas kini

BATS:SPY SPDR S&P 500 ETF TRUST

SP500 has broken through several supports this past, coupled with intense market fear and negative sentiment. Last week I alerted the previous support breakout. Puts that were opened on this date have a realized 170% gain.

I believe sustained price levels under this support will signal a continuation of the bear market.
Short positions will be opened after this confirmed breakout. Watch this level.

Komen:

As expected we are seeing a temporary consolidation as the bulls/bears fight at this level.

I believe price will continue to decrease after this breakout from supply. Expecting increased volatility as we move out of this consolidation pattern.

Puts open trade active.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.