SPY / SPX - Short thesis
spx - short -
1. no great daily candle however hidden treasure
2. intraday H&S pattern
3. decelleration
4. 60 min MACD bearish divergence
5. key zone
6. double top
*A nice intraday pullback rejection of pivot area w/Fib would be nice.
*Safest stop is hear or above most recent high for safe protection
*Target would be an area of value seen on the daily, ie 50ema and breakout of pattern area
1. no great daily candle however hidden treasure
2. intraday H&S pattern
3. decelleration
4. 60 min MACD bearish divergence
5. key zone
6. double top
*A nice intraday pullback rejection of pivot area w/Fib would be nice.
*Safest stop is hear or above most recent high for safe protection
*Target would be an area of value seen on the daily, ie 50ema and breakout of pattern area
Note
UPDATE: Not trade taken live or set order, was looking for lower high to be formed on the neckline of the H&S break with Fib, Pivot, however nothing like that happened, risk on mode seems to be currently in effect.
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Related publications
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.