SPDR S&P 500_FIB. LEVEL PLAYGROUND
Beautiful trading levels within the Fib. levels are observed from Monday's low and Tuesday's high.
SPY opened lower today and found support at the 1.618 level of the retracement. Price action at the moment is going back up to close the gap as expected. However, there stands the 20EMA as resistance. At this point, SPY bulls would want to close above the 20EMA otherwise, the price is going to be pushed back down by the bears.
Successful option play: $390 Put 11/18 bought @ $396 before Wednesday close and sold Thursday opening.
My next move is to watch how Friday opens to determine SPY's direction.
SPY opened lower today and found support at the 1.618 level of the retracement. Price action at the moment is going back up to close the gap as expected. However, there stands the 20EMA as resistance. At this point, SPY bulls would want to close above the 20EMA otherwise, the price is going to be pushed back down by the bears.
Successful option play: $390 Put 11/18 bought @ $396 before Wednesday close and sold Thursday opening.
My next move is to watch how Friday opens to determine SPY's direction.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.