Looking for the Spy to take a nice dive here. We are up against the level of the initial breakdown and currently facing a lot if resistance. I have placed a few scenarios on the chart and will close my position based on structure and momentum. This is a very big trade, as I have a lot of my account equity into this one and am very excited to see the results.
Note
Profit taken on Fridays close, now expecting a bounce to at least 206.
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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.