SPY POTENSIAL REVERSAL FOR ME IF BREAKS 411 UPWARD
As you see in the chart there is a bullish hammer candle on the last day of trading on Friday, also we are in strong demand area , between 405 and 411, which needs to break above it to continue upward toward 429 which we have as strong supply area ( sell area) between 423-429.
RSI is positive for me ,higher than 30 . Volume is positive as well. But MACD needs more time to confirm my analysis.
I bought calls on Friday which will expired on the end of this month, when I expected to reach my goal 423-429.
RSI is positive for me ,higher than 30 . Volume is positive as well. But MACD needs more time to confirm my analysis.
I bought calls on Friday which will expired on the end of this month, when I expected to reach my goal 423-429.
Penafian
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