SPY has been in an erratic uptrend since October. on the 2H chart,
It is now in a megaphone pattern with more touches of the lower support
trendline than touches of the upper resistance trendline.
This suggests a breakdown out of the pattern.
The MACD shows the lines below zero and the MACD about to cross under
its signal.
Price is about to break under EMA200 which may be considered
a support and so the initiation of a downtrend out of the pattern,
This appears to be a good setup to short the SPY or buy put options
all while waiting federal news later this week.
It is now in a megaphone pattern with more touches of the lower support
trendline than touches of the upper resistance trendline.
This suggests a breakdown out of the pattern.
The MACD shows the lines below zero and the MACD about to cross under
its signal.
Price is about to break under EMA200 which may be considered
a support and so the initiation of a downtrend out of the pattern,
This appears to be a good setup to short the SPY or buy put options
all while waiting federal news later this week.
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.