SPX / SPY Analysis LT & ST
Purple oval represents the best places to go short, IF we get a bounce on the open.
Make SL just outside of upper level of blue channel.
High likelihood that 2500 will not hold.
Personally, prefer IWM as its weaker index compared to others with QQQ the strongest.
Make SL just outside of upper level of blue channel.
High likelihood that 2500 will not hold.
Personally, prefer IWM as its weaker index compared to others with QQQ the strongest.
Note
Breakout of descending triangle on hourly chart.Note
Correction: awaiting BO of descending triangle on hourly chart
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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.