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US30 SHORT IDEAHello it's my third idea which I am posting here, last 2 ideas were good bet so maybe I am not that bad. :D Entry: now (34700) or wait till 35000 price level Take Profit: #1 34000 #2 33500 #3 32750 Reasons: - overbought at H1, H4, W1 timeframes - RSI bearish divergences at M15, H4, D1, W1 timeframes - near supply level - possible retest 200SMA at D1 chart Yeah price can go up a little bit before this bearish move but it shouldnt go above 35500-35870 so maybe set your stop loss somewhere between. Good luck :)
UShort
by iamweakone
SPY TWO LEVELS TWO SCENARIOS| LONG It is clear from the chart above that SPY is now supported by both the vertical long term support line and a psychologically strong 300 level. So, I am waiting for a correction to the 300 lvl, and going long big time. However, watch the mkt closely when doing that. If spy breaks below 300 it stays there for some time I am sure, so get out of your long. And wait. If the mkt goes below the long term support line, I would consider shorting. Please, like, comment!
AMEX:SPYLong
by MikeTraderPro
3