calmstrades

$SPY Short We Have reached Top 2

Short
calmstrades Updated   
BATS:SPY   SPDR S&P 500 ETF TRUST
SPY Performance this last month has been excellent making moves in days that would normally take months. We went long at the dip at $412 back on October 30 as We were going to have the season Halloween effect where stocks make gains then get shorted as we near dec for a momentary dip as healthy pullyback for the follow year these are early signs of a bull run. We opened at 453.18 with premarket high of 455.12 before dumping to $452.06 will get fakeout as they'll want to position themselfs in longer puts position which will drag us a total of -3.50 from open taking it to $450 zone then follows $448.77 and with NVDA earnings will drag the market down to $440
Comment:
SPY Seems to be being manipulated they don't want it to fall just yet might be after they hit the upcoming pivots at 457/462 NVDA Earnings is concerning
Comment:
SPY Reached a new High of day yesterday $453.40 it pulled back to $453 before reclaiming $453.55, We're essentially after $454.60 which will take us to $456.20 then $460-462 before pullback down to $440 level.

One small act of kindness creates and endless ripple. Be Kind.
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.