SPDR S&P 500 ETF TRUST
Long
Mis à jour

Not great for bulls, but whose trying to short a hole?

823
Lot of gap downs, lot of rallies getting faded.

Bears are cautiously in control. News can change things in an instant.

I do believe we are closer to the end of this correction, but geopolitical issues are starting to come up that may keep things suppressed or sideways.

Biggest risk/reward is aiming for a rally up by EOM. Perhaps when bad news takes a break. We do have an inflation reading release next week, could be nail in the coffin.

Overall, I am starting a bullish position. More likely we see pops a relief gap ups from here.

Maybe/probably wrong, but anyone opening a short position down here is clearly chasing and may find themselves becoming liquidity for overnight moves where all they can do is watch...
Transaction en cours
I would be looking for 592 level to be tried and held by Friday. If not, would feel better moving on.
Trade fermée manuellement
bang bang, closing 3/4 of my 1/31 calls here as we hit the upper trendline.

Congrats to everyone that followed along.

For everyone else that told people to short a hole, enjoy your loss.
Note
Completely out at 598.80 (dropped when i saw 599!)

This has been a great start to the year. getting on the sidelines to see how next weeks events impact us.

Do we see false breakout? Maybe a melt up? Maybe a melt down?

Remember, market always goes up. Only people who lose money trading disagree :P

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.