IvanLabrie

$SPY: At the crossroads...

Короткая
IvanLabrie Обновлено   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Moving down from here will have the recent uptrend speed line taken out, which could mean the recent advance we had in markets is doomed...The daily chart has a valid short signal here, so it makes sense to hedge portfolios with puts or going short $SPY or futures here (or selling calls till March 21st). If $SPY climbs back over $400 ish then the down trend here is invalidated.
Yet another nerve wrecking juncture in markets, perhaps the nice period we had is over, at least in large/mega caps.
Best of luck!

Cheers,

Ivan Labrie.
Сделка закрыта вручную:
Banked my puts/ES shorts, can reenter on retrace tomorrow morning maybe, for now secured 1.67%...
Комментарий:
Ended up moving lower today, bot bonds and gold at the open, which acted as hedges but looks overall risky for the broad market here. If this level doesn't hold it can get ugly. Let's see what next week brings...and FOMC on the 22nd. Tons of time till then.

🔒Want to dive deeper? Check out my paid services below🔒

ivanlabrie.substack.com/
Отказ от ответственности

Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.