Commencez
carefulRhino97368

Down we go

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
carefulRhino97368 Mis à jour   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Chart Patterns Trend Analysis
10
17
chartpattern trendanalysis
SPY approaching key levels, a very high possibility of a sell off incoming.

Recession is almost here.
Commentaire:
Job report came out strong today, hence the slight sell off. Strong jobs means green light on rate hikes, which means deflating SPY.
Commentaire:
So, SPY is forming a beautiful M-shaped reversal pattern, but of course it will not be confirmed until 373 support is taken out.
Commentaire:
I have reduced my position size by half, it looks like the market is not convinced to sell off. We'll see where we stand following the CPI report.
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.