drchelsea1

SPY - Printing Diamond Bottom / Great Trading Opps

AMEX:SPY   SPDR S&P 500 ETF TRUST
0. Notes to follow;

1. Chart for personal reference;

2. If we can break out of the Diamond Pattern, we saw this on AMD, and a lot of stocks at the top
where the volatility was the highest.

3. Currently Printing and Inverted Cup & Handle, also, printing a Diamond Bottom;

4. Volatility Sky High;

5. Look for confirmation to the top of the triangle;

6. Looking for a couple of quick bursts, with 3 or 4 percent days here;

7. If we don't break down, we should try a couple of times at the pivot and break down line;

8. High volatility should complete the right side of the triangle;

9. Should be a couple of nice trades in the triangle here, before we break out one way or another;

0. Look up Trading a Diamond Pattern. You have to be quick as a rabbit;

More here...
Penafian

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