emilyvn531

SHORT SPY or SPXS

Short
emilyvn531 Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
There are multiple days of higher price but lower volume going on so far.
Also the situation is same with top stocks of SPY: AMZN, FB, AAPL and MSFT. Higher prices multiple days, with lower volume multiple days


Entry price: Short SPY >= 420
Stop loss: SPY > 422
Take Profit: SPY = 408 and 396 or whenever there is sign of volume improvement
Comment:
SPY still side way with very low volume and close at below 420
Still not see any improvement on volume and momentum
My Opinion remain SHORT SPY

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.