SPY bouce 403 CALL 3DTE, trade tracker

Long

SPDR S&P 500 ETF TRUST (AMEX:SPY)

Updated

AMEX:SPY SPDR S&P 500 ETF TRUST

Might see 400 rejection, retest 396 if so

Short swing 1/2 days

MACD cross, 5D SMA crossing 21 EMA, price above 50D SMA

Confluence around 402/403 range

Comment:

What I did wrong here was that I was supposed to be targeting a short put around the .618 area after confirmation on the lower Fibinnocci level pattern

Comment:

Did not recognize as 400 level was hard resistence in a down trending chart, do not call bullish patterns in down trend

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