Yesterday SPY 200MA crossed the 50MA on the 2 hours chart.
Today's pop was definitely driven by short coverings. SPY is now heading back into the downward price channel starting a new "A" wave as we head into the uncertainty of today's election.
Pennsylvania results, unless there's a landslide, will not have results tonight or by tomorrow due to the Supreme courts decision to allow counting mail-in ballots up to three days after the election. There's a high probability certified results will not be known by Wednesday and both parties are ready to contest results, which would lead to a drop in markets.
I am holding SPY Puts as a hedge against my calls in my swing trades.
Today's pop was definitely driven by short coverings. SPY is now heading back into the downward price channel starting a new "A" wave as we head into the uncertainty of today's election.
Pennsylvania results, unless there's a landslide, will not have results tonight or by tomorrow due to the Supreme courts decision to allow counting mail-in ballots up to three days after the election. There's a high probability certified results will not be known by Wednesday and both parties are ready to contest results, which would lead to a drop in markets.
I am holding SPY Puts as a hedge against my calls in my swing trades.
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.
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.