abigreen

CHOP CHOP and then POP

abigreen 已更新   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Seams to be the pattern, at least for a while.
We chop through the day to pop massively EOD.
How do you trade it?
I shouldn't, as when I do I loose.
MACD, RSI, DIVERGENCE DONT MATTER ANYMORE !
Lines and signals are giving false marks.

SPY behaves like a penny stock. Its a mutant created by Feds and controlled by hedges

Today was my down day.
No confidence in overbought market makes me wait for the pullback.
I took TNA for overnight swing as Russel2000 made inverse H&S, I see small caps weaker and its clear sign that we are nearing to at least $400 on SPY.
Much deeper correction is needed, that we all know, is 410 level enough?
I think the higher we grind the bigger the splash is going to be, for that Im happy; go you scam to 410, heck, go to 420 in one shot; I'll be here waiting.

For newbies my best advise is to wait for pullback, re test of 400 and then go long
評論:
MACD on 4H usually is good indication on SPY, often it takes 2-3 days before pullback happens, for that reason I think we'll shoot one more jerky leg and then crawl back
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