https://www.tradingview.com/x/BjtbkFvx/
SPY, looking at the bear market that started in February, it looks today as if a 2nd bearish wave started. It will not be confirmed until $549 is broken, however Fib projections point to $537 as first stop, and eventually at $512 as 2nd stop.
SPY, looking at the bear market that started in February, it looks today as if a 2nd bearish wave started. It will not be confirmed until $549 is broken, however Fib projections point to $537 as first stop, and eventually at $512 as 2nd stop.Trade closed: target reached
With SPY having reached target of $512, covered short hedging position and hoping this orderly crash does not morph into a true catastrophic rout 1987 style
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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.