S&P 500 Short Idea! for AMEX:SPY by TonyTouch069 — TradingView

Trend Analysis Chart Patterns Wave Analysis SPDR S&P 500 ETF (SPY) spdr500 spy500

trendanalysis chartpattern waveanalysis spy spdr500 spy500

snapshot

The Spy seems like it needs to cool off. The EW is giving a signal for the end of the 5th wave. I am expecting a drop with a Entry 415.52 down to the Target of 405.13. Please do not do forget to set your stop loss!

Comment:

Trade hit

408 which was 1.81% and enough to take gains.

Comment:

If you happened to stay in the trade it did hit target!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.