🔸️Ticker Symbol: $SPY 🔸️Timeframe: 4 Hour 🔸️Investment Strategy: Neutral
TECHNICAL ANALYSIS: The SPY is at a crucial level in the market at $428.43. We are testing the top deviation level on our regression trend line which typically means we could see a push lower in the market. If we draw a fib retracement the 38.2 level puts the SPY at around $407 which is very realistic if we bounce down from this area. Our dashboard also suggests that our money momentum is becoming over extended into the top sell section. Once we get a red dot appearing on the dashboard meaning a key EMA crossover, I would then look to go short on the SPY.
🔔 Follow for daily stock, crypto and forex technical analysis.
⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.
TECHNICAL ANALYSIS: The SPY is at a crucial level in the market at $428.43. We are testing the top deviation level on our regression trend line which typically means we could see a push lower in the market. If we draw a fib retracement the 38.2 level puts the SPY at around $407 which is very realistic if we bounce down from this area. Our dashboard also suggests that our money momentum is becoming over extended into the top sell section. Once we get a red dot appearing on the dashboard meaning a key EMA crossover, I would then look to go short on the SPY.
🔔 Follow for daily stock, crypto and forex technical analysis.
⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.