$SPY 9/11 - 9/15
As you can analyze from last week below this zone we DUMPED to our sniper support at $442.94. We are now looking for a pullback retest of the purple 450 zone and then we can go for some more lower lows.
I opened a starter position this is more of a longer swing
Analysis like this gives you an overall outlook of the market
for example: Now we know that a lower low and a lower high has been made we know that we are in an overall DOWNTREND. So if go calls we know if we hold long enough we will get fvcked bc we are trading against the trend
The smart idea is to look for these A+ set ups for puts and play the overall trend
qwhy? BC THE ODDS ARE ON YOUR SIDE
Look for some puts once the downtrend has more confirmation (Confirms this lower high)
I opened a starter position this is more of a longer swing
Analysis like this gives you an overall outlook of the market
for example: Now we know that a lower low and a lower high has been made we know that we are in an overall DOWNTREND. So if go calls we know if we hold long enough we will get fvcked bc we are trading against the trend
The smart idea is to look for these A+ set ups for puts and play the overall trend
qwhy? BC THE ODDS ARE ON YOUR SIDE
Look for some puts once the downtrend has more confirmation (Confirms this lower high)
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