SPY - Bearish Until Proven Otherwise

8월 12일

Markets have been on a tear to the downside in the recent weeks after hitting all time highs with a recent sharp pullback on Japan currency news, highlighting the sensitivity in the market today.

After a clear trend has been identified to the downside, the market is leaving some clues behind on where we may see pivot points through the supply / demand zones.

I have my eyes on a short trade at the previous range value area low, where we also have a large gap to fill at the supply zone.

I do believe we are currently bearish, and only bullish if we can reclaim the value area low from previous weeks.

My trade idea is relatively simple here , involving the gaps above and below us.

Short zone at 540 , bringing it down to around 500-505 where we left a large gap from the May pivot low.

Only time will tell...

8월 12일

노트

FYI fib levels

8월 14일

액티브 트레이드

Short zone hit

8월 15일

노트

Adding some shares of SQQQ as we start to move at 550 on the SPY.

8월 16일

노트

The SPY Cleared some very strong and critical areas, would prefer to see a pullback, create a higher low to confirm a reversal of the bearish trend back to all time highs.

9월 12일

노트

Back to 555 on SPY, taking another short right at the CC golden fibonacci 0.618 as we seem to have resistance

9월 17일

노트

Adding to the short trade, extending my stop up

9월 18일

노트

another sfp at the high on declining volume