If broken out above line 'X', measure +10 points from the point of breakout to your next target.
Note
HEADS-UP: SPY created a weakness (lower low) this week and is poised to test lower levels. Re-entering the parabolic formation could create a Strong-Sell signal. Stay alert, balance your trade or exit your long positions to remain on the safe side.Next week could look very bad for the markets. SPY can reach 295-300, or worse.
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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.
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.