Seeing the congestions on heavy volume the last days, 283/284 confirms as a major support level.
With the futures gapping a second day 1% , it seems very bullish for the SPY, HOWEVER...
The 22 EMA is starting to show sideways movement , thus creating our situation not a trend, but a range
with large overhead resistance at 294. A profitable play would be, if we see heavy resistnace + a low volume breakout at 294 to short and play for the range. If we break 294 on heavy volume and without much congestion there - start looking for longs until we get to 300 again.
With the futures gapping a second day 1% , it seems very bullish for the SPY, HOWEVER...
The 22 EMA is starting to show sideways movement , thus creating our situation not a trend, but a range
with large overhead resistance at 294. A profitable play would be, if we see heavy resistnace + a low volume breakout at 294 to short and play for the range. If we break 294 on heavy volume and without much congestion there - start looking for longs until we get to 300 again.
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。