Hello traders,
SPY had completed a 1-2-3 pattern and is consolidating its price pattern, this is very good technical news as price returned to standard behavior after moving wildly and unpredictably.
The current trade range is 245-265 in the short term, any move above the 265(which our model begins to increase the probability for!) will provide a bullish short term indication,
moving below the 240-245 will provide the trigger that the market is headed to re-test the 220 lows.
We are currently short term bullish on SPY with PUT options hedging our position, crossing the 265-270 resistance will provide a major trigger to go long equities.
Trade Smartly,
Alon, AlphaOverBeta
SPY had completed a 1-2-3 pattern and is consolidating its price pattern, this is very good technical news as price returned to standard behavior after moving wildly and unpredictably.
The current trade range is 245-265 in the short term, any move above the 265(which our model begins to increase the probability for!) will provide a bullish short term indication,
moving below the 240-245 will provide the trigger that the market is headed to re-test the 220 lows.
We are currently short term bullish on SPY with PUT options hedging our position, crossing the 265-270 resistance will provide a major trigger to go long equities.
Trade Smartly,
Alon, AlphaOverBeta
How can I help you algo trade?
Penerbitan berkaitan
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.
How can I help you algo trade?
Penerbitan berkaitan
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.