MichaelEugen1

My updated opinions on SPY

AMEX:SPY   SPDR S&P 500 ETF TRUST
390. I've always said it, and I still expect it; it is possible we don't reach it, and I have a scenario drawn out for that, but I don't think that plays out. That being said, I think risk:reward up here is depleted. If you're not long already, I am of the opinion you've missed the move. We've bounced ~9% off the lows, and even though I think we inch higher, you're risking a lot to make very little going long up here. Oppositely, bears, simply put, I'd wait on the sidelines. If we are going to top out soon, there will be other opportunities to short. You are in no rush. Personally, I've exited most of my longs and am virtually on the sidelines. I'd only consider buying dips if I see opportunities; a possible level I'm watching is 372. I don't have a high risk appetite, and I'm likely going to wait this one out until I see revived opportunities to either side.
면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.