SPY MA CROSSES TO DOWNSIDE
Updated
https://www.tradingview.com/x/Q4cIPcMn/
History shows that any time that the 15 MA drops crosses under the 60 MA with the momentum under -2.0 that it will tank for the next few days. Saw a possible set up yesterday but saw the confirmation today. In on $480 P exp 2/27.
History shows that any time that the 15 MA drops crosses under the 60 MA with the momentum under -2.0 that it will tank for the next few days. Saw a possible set up yesterday but saw the confirmation today. In on $480 P exp 2/27.
Comment
Was up 20% mid day but suspect that more down movement to come.Trade closed: stop reached
SPY Did a complete reversal where the 15 MA crossed over the 60 MA and momentum over 2.0 which indicates more upside action. From my experience, the upside usually has more potential than down side. Closing puts and opening calls.
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