Top 5 Weekly Trade Ideas #4 - SPY Paths
SPY almost came all the way back to fill the gap but failed to breakout of its descending channel. Will be looking for upside if it can fill that gap and continue back up towards $602.50 and ATH.
To the downside watching $585 and the election gap fill for now.
To the downside watching $585 and the election gap fill for now.
Note
The move below $585 did not last very long as usual in this market. Back up to $592 to close the week, this area will be key moving forward. All that for a near 0% change on the week.
You reap what you sow.
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.
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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