If the overall market sells off (
SPY), then this is my play for the day.
Watching .7800 for support, if this level holds I'll exit early.
Then I'm watching the .77630 to .77550 for support, and if that holds I'll exit early.
If price moves below those zones my larger target is shown.
The risk is very minimal, and once again If the price doesn't stay below .78 on the 15-minute chart I'm out.
SPY), then this is my play for the day. Watching .7800 for support, if this level holds I'll exit early.
Then I'm watching the .77630 to .77550 for support, and if that holds I'll exit early.
If price moves below those zones my larger target is shown.
The risk is very minimal, and once again If the price doesn't stay below .78 on the 15-minute chart I'm out.
Note
Exited for a loss @ .7810
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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.