AwesomeAvani

SPY Reversal Short

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AMEX:SPY   SPDR S&P 500 ETF TRUST
SPY has retracted to the fib level of the mid August to mid October downtrend.

IT has stalled at the .618 Fib level while the MACD and RSI indicators are

showing bearish divergence. All in all this foresees an end to the bear market

rally. This seems to be a good entry for put options with near term expirations.

Stop loss of 5 and targetting the Fib Levels of the retracement down from

the uptrend that followed Covid in April 2020 through 12/25/21.
Dagangan aktif:
SPY down 1.5% consistent with the published idea. Call options did great today.
One to the bank two runners still "bearing down".
Dagangan aktif:
Another keg down is another option closed profit to open another for
Friday expiration,
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.