SPY Short Based on Support and resistance Pivots 2HR
Reviewing the 2hr timeframe on Spy a pattern emerged of key Pivot points, if you look closely the areas highlighted with a Arrow all are key Support/ Resistance levels, where we pivot, I beleive we happen to be at one right now. If we go back to test our highs and reject once again this will be a stronger indication of reversal for me, Only if we gain that steam to head back up.
Next levels to watch based on this Support resistance method would be 395/398, this coorelates to my last post based on a simple pathway down that would make sense, Decided to dig a little deeper to see why this simple chart i quickly posted worked out so well for me, and After reviewing I think our next leg down could be major, Considering there is always the possibility we do go back up to test our resistance and we break it, watch 427 for the next indication on where we could be heading. As always not financial advice just my opinion. Thanks guys! goodluck to all
Next levels to watch based on this Support resistance method would be 395/398, this coorelates to my last post based on a simple pathway down that would make sense, Decided to dig a little deeper to see why this simple chart i quickly posted worked out so well for me, and After reviewing I think our next leg down could be major, Considering there is always the possibility we do go back up to test our resistance and we break it, watch 427 for the next indication on where we could be heading. As always not financial advice just my opinion. Thanks guys! goodluck to all
免責聲明
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。