SPY -- hedge entry
Per one of EW counts I have, currently has price up around a top of a wave 3 (Roman numeral blue circle). As market is up at highs and in a wedge pattern area, I'm hedging a bit as I think there could be a small pull back.
Gameplan:
- entered a put debit spread at the money in SPY and gave myself time
- price targets down at $374 and then $368
Keeping this one really simple
Gameplan:
- entered a put debit spread at the money in SPY and gave myself time
- price targets down at $374 and then $368
Keeping this one really simple
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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.