Stocks - SPY Short (Bear Flag)
Mis à jour
Idea for SPY:
- We now enter a short position as per seasonality and macro headwinds.
- Price offers a QUALITY stop level above the descending channel top.
- Bear flag/Rising Wedge breakdown.
Oct/Nov puts may be a plentiful harvest. Would consider reverse if the 440 level breaks out to the upside in a manner of conviction.
GLHF
- DPT
- We now enter a short position as per seasonality and macro headwinds.
- Price offers a QUALITY stop level above the descending channel top.
- Bear flag/Rising Wedge breakdown.
Oct/Nov puts may be a plentiful harvest. Would consider reverse if the 440 level breaks out to the upside in a manner of conviction.
GLHF
- DPT
Commentaire
Yields are troubled before FOMC, this is a bit of a tipoff: Commentaire
What the saying about Fed? First moves always fake:Taper was not pushed back, therefore this is bearish IMO.
Commentaire
Add, Debt ceiling looming. Govt shutdown looks likely and Oct 15 X date:bonds are being dumped. Fear of default?
However, Another day of rallying would invalidate this bear trend.
Trade fermée manuellement
Something changed during FOMC. Looks a lot like intervention of some sort, probably relating to the RRP limits.Going to wait for confirmation of structure for the next move:
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