SPDR S&P 500_FIB. LEVEL PLAYGROUND
Beautiful trading levels within the Fib. levels are observed from Monday's low and Tuesday's high.
SPY opened lower today and found support at the 1.618 level of the retracement. Price action at the moment is going back up to close the gap as expected. However, there stands the 20EMA as resistance. At this point, SPY bulls would want to close above the 20EMA otherwise, the price is going to be pushed back down by the bears.
Successful option play: $390 Put 11/18 bought @ $396 before Wednesday close and sold Thursday opening.
My next move is to watch how Friday opens to determine SPY's direction.
SPY opened lower today and found support at the 1.618 level of the retracement. Price action at the moment is going back up to close the gap as expected. However, there stands the 20EMA as resistance. At this point, SPY bulls would want to close above the 20EMA otherwise, the price is going to be pushed back down by the bears.
Successful option play: $390 Put 11/18 bought @ $396 before Wednesday close and sold Thursday opening.
My next move is to watch how Friday opens to determine SPY's direction.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。