Good day folks,
That’s the way I see the situation as of now. The very short term looks conflictual, however when you look at the 4hrs RSI, it shows that we could see a right shoulder forming. In the eventuality that it does, SPY would make another top.
Double-top on chart + H&S on RSI, I’m short here.
I expect a bit of selloff tomorrow morning within the first 2 hours. As I said the very short term is messy, but maybe I can find a good spot to get in; I would really like to play this setup both ways, long then short.
Thank you,
That’s the way I see the situation as of now. The very short term looks conflictual, however when you look at the 4hrs RSI, it shows that we could see a right shoulder forming. In the eventuality that it does, SPY would make another top.
Double-top on chart + H&S on RSI, I’m short here.
I expect a bit of selloff tomorrow morning within the first 2 hours. As I said the very short term is messy, but maybe I can find a good spot to get in; I would really like to play this setup both ways, long then short.
Thank you,
Order cancelled
Nice drop so far, but did the exact opposite of what I was expecting!Trade active
Remember my H&S.. Even though the market did the exact opposite of what I was expecting, it looks like the market came back to complete its right shoulder. We'll see.
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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.