Double top -->reversal pattern on $SPY

2020년 8월 21일

Why?
14 Green days on SPY!!
One of the longest green day runs on spy in terms of Heikin Ashi candle.
Possible pullback to 331.40 area.

I am not asking for a flood to super lows, just a healthy pullback would be very reasonable.
We could bounce if stimulus talk goes well in the feds.

2020년 8월 25일

거래청산: 스탑 닿음

So on Sunday night, Trump scheduled a last minute press conference and talked about executive order for vaccine.
Pretty much caused the market to rejoice and gapped above the double top.
More or less, our big short was invalidated once it gaps over, they will probably use the double top as a strong support now.