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hua872984
18 sept. 2020 23:51

SPY Reject of longterm weekly/monthly trend since 2011 Short

SPDR S&P 500 ETF TRUSTArca

Description

Can short starters then add on lower highs

Commentaire

- Lots of selling pressure near previous all time highs at $340. Above $345 will cut and reassess

- $300 key support & psychological level + 200 daily ema will be an important level to watch

Commentaire

Short term trendbreak on the daily. Added starters on SPXS on friday. Will add to full size once $300 and 200 ema confirms as resistance.

Commentaire

Cut the starters. Will reassess as price develops in the upcoming week

Commentaire

Price is still trendline above 9 MA on both weekly, monthly timeframe. Until price confirms below sitting on sideline
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