SPY short position
Short position idea on Spy with technicals, confirmation for opening this trade is the 24hr candle's close below 380 breaking 385-380 zone.
PT 1 will be 370 zone.
PT 2 with a confirming candle below 368 I will be watching SPY on the downtrend towards that 348 price level.
PT 3 The break of the 348 with a strong 24 hr close ill indicate a further downtrend and will be taking profit in the next consolidation zone.
PT 1 will be 370 zone.
PT 2 with a confirming candle below 368 I will be watching SPY on the downtrend towards that 348 price level.
PT 3 The break of the 348 with a strong 24 hr close ill indicate a further downtrend and will be taking profit in the next consolidation zone.
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