virtue2.0

SPY Macro channel short play

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
Honestly I doubt this will happen but SPY has re-entered this macro daily channel and may dump with TP @ channel midline and TP2 at channel bottom. Just posting this for my own notes to see if it plays out. Personally I'm not taking this short and wouldn't advise you take it either
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.