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SPY Reversal Short
SPDR S&P 500 ETF TRUST
Short
SPY Reversal Short
By AwesomeAvani
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Updated
Nov 30, 2022
8
Cheer
Cheer
Nov 26, 2022
SPY has retracted to the fib level of the mid August to mid October downtrend.
IT has stalled at the .618 Fib level while the MACD and RSI indicators are
showing bearish divergence. All in all this foresees an end to the bear market
rally. This seems to be a good entry for put options with near term expirations.
Stop loss of 5 and targetting the Fib Levels of the retracement down from
the uptrend that followed Covid in April 2020 through 12/25/21.
Nov 28, 2022
Trade active
SPY down 1.5% consistent with the published idea. Call options did great today.
One to the bank two runners still "bearing down".
Nov 30, 2022
Trade active
Another keg down is another option closed profit to open another for
Friday expiration,
Centered Oscillators
Fibonacci
Fibonacci Retracement
macdivergence
Moving Averages
NQ
QQQ
reversal
rsi_divergence
SPX (S&P 500 Index)
SPDR S&P 500 ETF (SPY)
SQQQ
AwesomeAvani
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