SPY PULLBACK
The chart lays out what I think could possibly happen beginning tomorrow.
DO NOT TRADE. NOT A PROFESSIONAL.
DO NOT TRADE. NOT A PROFESSIONAL.
Note
NOT INVALIDATING MY IDEA but closed my short at 2625 from a 2634 entry today. EXERCISING NO EMOTIONS.
REASON
Swapping over to my preferred way of tracking S&P, symbol 'SPX500'.
-Notice 1hr oversold
-Hovering around 1hr support of a bull flag which makes me think we may just be consolidating in a bull flag
-We just hit point #1 on chart again which is the 50% retrace from all time high to recent low and have pulled back.
***I would watch this carefully as it looks like it could provide resistance but may also be indicating an IHS on 5 min coupled with oversold conditions on the hourly/2hr could take us up to the recent highs testing resistance***
Note
NOT BULLFLAG, triangle.
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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.