Ahn_Options_Trading

Ahn_Options_Trading

SPY neutral candle up top signaling decreasing momentum. Makes sense considering we hit the 0.5 fib level. Buy/sell ratio dropping a bit also showing that buyers want to pump market but there is going to be a significant amount of selling here. Thinking about a drop to the 0.382 ($262) level again followed by a gap up. Wait until after Monday to see if we complete...

Ahn_Options_Trading

CHART ANALYSIS - We've followed the drop and the cup and handle formation which led to where we are today at the 0.382 fib retracement broken out from the descending wedge - The volume has fluctuated with the apex on Mar 20. In general, I've noticed that volume shows a parametric distribution during a bounce with the peak at the true bottom. I think we have passed...