larrydom

SPY Channel Trade Possibility

AMEX:SPY   SPDR S&P 500 ETF TRUST
70浏览
1
70 0
Thinking the 'look above and fail' could be in play here for the first few weeks of January. If we clear the 61.8 and hold, I'd say that's a good start. The 61.8 is currently at the confluence of the backside of the old channel. It could be that is a spot where profit taking will happen. If we have a 'lower high' situation then come back down and break the pivot low, that would indicate a 200 sma breach and my next target would be the bottom of the channel. Price will guide if we begin to hold above... the bull presses on, if we begin to hold below, we are possibly in a longer bear market/correction situation.

Note about the bear market- based on previous corrections - 16-28% correction possible from top.
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 价格 网站规则 版主 网站 & 经纪商解决方案 插件 图表解决方案 寻求帮助 功能请求 博客 & 新闻 常见问题 维基百科 Twitter
概述 个人资料设置 账号和账单 寻求帮助 已发表观点 粉丝 正在关注 私人消息 聊天 退出