Weekly SPY chart, Did we close with a higher low?
If you had a rough week or 2, you are not the only trader! The weekly chart confirmed a double top, then we backtested 320, which is a level of support from June 2020. 326.55 needs to hold, so we have a higher low on weekly timeframe. Daily timeframe, I was looking for a cup and handle, but the handle failed after FANG reported ER's Oct 28th. I was following my options flow for FANG and most were far out into 2021, which meant bearish, imo. I am just watching Solar (TAN, FSLR, SEDG) and EV stocks, as this is Joe Biden's play if he wins election. Election is Nov 3 at night, Trade safe!
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