SPDR S&P 500 ETF TRUSTPanjang
SPY Long Idea
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We sold off more than I expected today, but we're finally coming back into the $585 area which I have been waiting for since the post election rally. Looks like a great spot to pick up some longs with solid risk/reward. If it doesn't hold, could turn into a good short idea on the retest. For now I full expect a bounce here into the early parts of next week.
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Back for another test today. Critical spot for bulls to hold.
You reap what you sow.
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
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