YusufS

SPY CHANNEL PLAY

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AMEX:SPY   SPDR S&P 500 ETF TRUST
Completely parabolic action today in the spy.
1) ran right into resistance on daily chart
2) fading volume of trend
3) RSI didn't register overbought when market made its last structure high
4) blow off top candle on 30 mn chart
5) lots of selling on level two

The rectangle below is the profit target (2 gaps down there that need to be filled)
交易結束:目標達成:
Successful trade, if you listened and profited, good job.
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