Hello traders,
SPY had completed a 1-2-3 pattern and is consolidating its price pattern, this is very good technical news as price returned to standard behavior after moving wildly and unpredictably.
The current trade range is 245-265 in the short term, any move above the 265(which our model begins to increase the probability for!) will provide a bullish short term indication,
moving below the 240-245 will provide the trigger that the market is headed to re-test the 220 lows.
We are currently short term bullish on SPY with PUT options hedging our position, crossing the 265-270 resistance will provide a major trigger to go long equities.
Trade Smartly,
Alon, AlphaOverBeta
SPY had completed a 1-2-3 pattern and is consolidating its price pattern, this is very good technical news as price returned to standard behavior after moving wildly and unpredictably.
The current trade range is 245-265 in the short term, any move above the 265(which our model begins to increase the probability for!) will provide a bullish short term indication,
moving below the 240-245 will provide the trigger that the market is headed to re-test the 220 lows.
We are currently short term bullish on SPY with PUT options hedging our position, crossing the 265-270 resistance will provide a major trigger to go long equities.
Trade Smartly,
Alon, AlphaOverBeta
How can I help you algo trade?
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
How can I help you algo trade?
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.