head shoulders pat looking for 416 puts
head shoulders pat looking for 416 puts
using 8 ema
using 8 ema
Note
Link to video: youtube.com/watch?v=J1lG6yLuehk&t=228s
I analyzed the supply and demand levels and anticipated a pullback on SPY, which was trading pretty high. With the market pulling back as expected, it’s likely just a normal retracement before it shoots back up. Yesterday, I also analyzed Tesla, which closed at 410. I anticipated a move to 416 before pulling back to the 410 level, and I was completely right. SPY being at its highs supported my expectation of a pullback, adding confluence to the supply level analysis. And here’s the video to explain it all—proof that there’s no lying in my game!
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