SPY – Repo’s Barely Working Anymore
Alert set at $320.09 for break of previous low (confirmation of bearish trend).
Currently active in SPXS as bearish entry.
Trade Entry
Bearish entry below $320.
Stop is Daily high 2 days previous $323.64.
This is not ready for entry yet IMO. Need to be careful here with artificial money coming into market with Repos. newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/repo-reverse-repo-agreements/repurchase-agreement-operational-details
Chart Details
SPY has been ready for downturn. Every day there is a Repo, there is either stall or reversal.
Repo’s run out on 1/14. I think we are seeing an end to bullish SPY trend as the liquidity stops.
Price broke white trend on Dec. 30. Fed Repo injection on Jan. 2 (market goes up to ATH’s).
Price working in pink channel until tips over to break moving averages.
Below $314 confirms 10WeekMA. The higher we go, the more likely the 10WeekMA cross is likely to occur.
About Me
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards.
Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, CRWD Bullish short term.
Currently active in SPXS as bearish entry.
Trade Entry
Bearish entry below $320.
Stop is Daily high 2 days previous $323.64.
This is not ready for entry yet IMO. Need to be careful here with artificial money coming into market with Repos. newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/repo-reverse-repo-agreements/repurchase-agreement-operational-details
Chart Details
SPY has been ready for downturn. Every day there is a Repo, there is either stall or reversal.
Repo’s run out on 1/14. I think we are seeing an end to bullish SPY trend as the liquidity stops.
Price broke white trend on Dec. 30. Fed Repo injection on Jan. 2 (market goes up to ATH’s).
Price working in pink channel until tips over to break moving averages.
Below $314 confirms 10WeekMA. The higher we go, the more likely the 10WeekMA cross is likely to occur.
About Me
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards.
Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, CRWD Bullish short term.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.