I SPY CHART - TRENDS
Updated
Sharing my chart for SPY for this week.
This is nothing more than a preliminary trading plan that prepares me for movement in both directions.
TBH, I'm not totally sure how it plays out yet, it's one of those moments where you have to keep reanalyzing in real time to adjust prices and trends.
I can say with some certainty that there is a pretty good price drop coming, and I think I've identified the trend that will cause it (hot pink). I would watch for a trend break on that trend.
If it played out like this, it wouldn't surprise me, but obviously, I would rely more on the trends and price targets vs the arrow path.
Good luck!
Honestly, if you miss a short entry on a steep drop, instead of jumping in way too late, consider a 3x leveraged ticker and buy in the bullish direction. Realize your profits, and you'll make just as much. LONG TERM is favored for bulls until some major trends break or WW3 starts. I have other charts that cover those projections.
This is nothing more than a preliminary trading plan that prepares me for movement in both directions.
TBH, I'm not totally sure how it plays out yet, it's one of those moments where you have to keep reanalyzing in real time to adjust prices and trends.
I can say with some certainty that there is a pretty good price drop coming, and I think I've identified the trend that will cause it (hot pink). I would watch for a trend break on that trend.
If it played out like this, it wouldn't surprise me, but obviously, I would rely more on the trends and price targets vs the arrow path.
Good luck!
Honestly, if you miss a short entry on a steep drop, instead of jumping in way too late, consider a 3x leveraged ticker and buy in the bullish direction. Realize your profits, and you'll make just as much. LONG TERM is favored for bulls until some major trends break or WW3 starts. I have other charts that cover those projections.
Note
Remember, MY BLUE PROJECTION LINE OF A PATTERN IS NOT IMPORTANT. The trends and price targets are highly relevant.
Cashapp: $nicktussing
Venmo: @nicktussing
Donations appreciated, NOT AT ALL REQUIRED OR EXPECTED.
Venmo: @nicktussing
Donations appreciated, NOT AT ALL REQUIRED OR EXPECTED.
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