Have a plan SPY

395
Premarket will be all telling tomorrow. You can see we've now been trading in a range for the last two trading sessions. Currently I am convinced that MACD and RSI are a bit ineffective at the moment to determining where this thing goes next. We'll have bearish divergence but run up the next day. Overbought keeps getting bought; Bulls in control. One thing I will be relying heavily on in this market is range trading. Break the ath with strength (398ish) and expect a run up to the next whole number 310. Break lower end of range (395.5) expect a couple point move to the downside. Secure Profits. What I like for a shorting possibility is that gap under 402.7 down to 399's. Either way I'm holding lotto puts $400 4/16 for the exhaustion move down. If and at 410, I'll likely be purchasing those deliciously cheap May puts far from the money.

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.