Good push at end of day on 4/30 at close.
Zooming out, it’s starting look like it’s forming a H&S. I’m starting to see a lot of people flipping bearish as well. But, also near close today, volume was not promising, declining at the close.
I swung short-term puts on SPY, I like SPX puts for a day trade due to this formation but this H&S can possibly out within the end of week with more data and uncertainty or the following week.
I’m short at the touch of the light red line: 5655.79 to the downside.
Gaps below 5354.76, 5206.44
Would say by EOW to next week, if we pull back, may form/complete the right shoulder.
Do your DD!
Let me know your thoughts! #NFA
Zooming out, it’s starting look like it’s forming a H&S. I’m starting to see a lot of people flipping bearish as well. But, also near close today, volume was not promising, declining at the close.
I swung short-term puts on SPY, I like SPX puts for a day trade due to this formation but this H&S can possibly out within the end of week with more data and uncertainty or the following week.
I’m short at the touch of the light red line: 5655.79 to the downside.
Gaps below 5354.76, 5206.44
Would say by EOW to next week, if we pull back, may form/complete the right shoulder.
Do your DD!
Let me know your thoughts! #NFA
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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.