SPY possible retracement April 20
Ichimoku cloud resistance being tested on the daily. Also a big gap up near 278-282 area which may get filled Monday.
0.618 fib retracement level @ 292 also being tested possibly next week.
All in all still unclear on trend but we will be clear very soon. Bullish if clean break on ichimoku cloud resistance lines and 0.618 fib.
Still holding 5/15 puts and hedged with some short term SPY calls.
Let me know what you guys think in the comments!
0.618 fib retracement level @ 292 also being tested possibly next week.
All in all still unclear on trend but we will be clear very soon. Bullish if clean break on ichimoku cloud resistance lines and 0.618 fib.
Still holding 5/15 puts and hedged with some short term SPY calls.
Let me know what you guys think in the comments!
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