Top 5 Weekly Trade Ideas #3 - SPY Falling Wedge
Nice falling wedge/bull flag here on the 15m. Price is currently near the middle of the recent range from about $577 to $585. We have short term support below near 580 and the wedge trendline.
Watching for a wedge breakout to head back up to ATH again or for a failure below $580 for a short back to the $577 and potentially 575ish area.
Watching for a wedge breakout to head back up to ATH again or for a failure below $580 for a short back to the $577 and potentially 575ish area.
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
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