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SPDR S&P 500 ETF TRUST
Short
Updated

Spy Short Opportunity

199
Spy seems to be overbought and the MACD may be turning here. 3 bounces off of the 50 day moving average. Shorting out to May 15. Stop loss would be at 282.
Note
Trade is still open. I'm surprised we opened green. Let's watch what the price action tells us.
Note
Closing the position today if there's not a big move down in the final hour of trade
devans105
Chart PatternsTechnical IndicatorsSPDR S&P 500 ETF (SPY) spyshortTrend Analysis

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Chart PatternsTechnical IndicatorsSPDR S&P 500 ETF (SPY) spyshortTrend Analysis
devans105

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.