SLOPolarBear

SPY - Sleep Aid for Bears

שורט
AMEX:SPY   SPDR S&P 500 ETF TRUST
I expect this pattern will take about (6) months to develop. There's a lot of denial going around these days, and I think that has contributed to numerous traders (say, half the country?) eager to put us back into that bullish ascending channel where we were up until Covid-19 arrived. The other half of us are gazing at these charts shaking our heads in disbelief; the fundamentals just don't line up. But fortunately, neither do the technical indicators. If you scroll back to the Dot-Com crash and Global Financial Crisis crash you'll see a common pattern. Outside of this pattern, it's difficult to imagine a breakout about $361 (in the near term), but anything is possible. Keep those stops tight and happy trading.
כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.