Looking for a put option here..
SPY looks primed to reject that resistance.
If you look left, previous rejections clear as day. Its a strong wall so this will be interesting.
Also looking at that trend line, I think I will wait to buy a put until that trend line breaks.. I believe we'll be here for a little closing in on that triangle.
Stay tuned!
If you look left, previous rejections clear as day. Its a strong wall so this will be interesting.
Also looking at that trend line, I think I will wait to buy a put until that trend line breaks.. I believe we'll be here for a little closing in on that triangle.
Stay tuned!
Note
Triangle getting closer and. closer, beware.. possible breakout or breakdown.. I would wait till we have confirmation
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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.