zkstonks

Long SPY if channel bottom holds

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zkstonks 已更新   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Despite the huge drop last week, SPY looks poised for a bounce, barring any Fed shenanigans. While there is considerable downside if the current white channel support doesn't hold, I expect a bounce up to fill the gap from Friday, and potentially up to the white downtrend channel median in the beginning of the upcoming week.
評論:
The downtrend channel bottom didn't hold, but as of now the uptrend channel has. Not in this either way because I don't see enough upside/downside until one of the levels breaks again. Will wait it out till then
交易結束:目標達成
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