SPY - Quandary at it's best
I think this chart presents the dilemma many trader have now.
One side is presenting a solid resistance, whereas the other one is showing a potential support.
In such situations i remember the wise words from Shane: "No position is also a position".
My feelings telling me the market is going north, and Bears are trapped...
But how do i play a dilemma?
Not at all, or for opportunity sake, very very small to satisfy my trading heart.
P!
One side is presenting a solid resistance, whereas the other one is showing a potential support.
In such situations i remember the wise words from Shane: "No position is also a position".
My feelings telling me the market is going north, and Bears are trapped...
But how do i play a dilemma?
Not at all, or for opportunity sake, very very small to satisfy my trading heart.
P!
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