- SPY likely to trend sideways 280-290 in short term.
- Current level is perfect to short.
- I am bearish on the stock, on the fundamental level, at least until 2021. However, there are political forces at play that are keeping the market up.
- Always bullish for the long term, however.
- This neither a bear market nor a bull market.
- I am pessimistic on the short term outlook, yet I still believe that certain forces are still able to hold the price at current levels, thus I am expecting the SPY to move sideways.
- Sideways means buy low, sell high? No, since I am bearish, I will only sell high(~290), take profit low(~280). But I will not buy near 280.
- Current level is perfect to short.
- I am bearish on the stock, on the fundamental level, at least until 2021. However, there are political forces at play that are keeping the market up.
- Always bullish for the long term, however.
- This neither a bear market nor a bull market.
- I am pessimistic on the short term outlook, yet I still believe that certain forces are still able to hold the price at current levels, thus I am expecting the SPY to move sideways.
- Sideways means buy low, sell high? No, since I am bearish, I will only sell high(~290), take profit low(~280). But I will not buy near 280.
Nota
Staying away from SPY for a while now. Broad market is unpredictable.
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.