I will look for a further move to fist target then see if we reverse and fix lower structure or alternatively keep moving much higher before trying for that lower target.
So Tuesday look for a bit more to the long side, but not be dumb if market disagrees.
Will follow the action but using my targets as trade expectations.
So Tuesday look for a bit more to the long side, but not be dumb if market disagrees.
Will follow the action but using my targets as trade expectations.
Note
If you turn your attention to the weekly SPY chart you will see why it is unlikely I take a strong stand this week. If I do will comment again.Note
weekly is inside inside, so far see no conviction to a side.Trade active
entered for lower target late yesterday, took both SPY and QQQ puts for different expires.Trade closed: target reached
I think we can say this played out and can be a concluded idea
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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.