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Got a new short signal on SPY...let's see how this plays out in this earnings season. I am very confused and impressed with how adamant SPY has been on the long side...
I got valid long signal on AAPL on FRI but for now I am concentrating only on SPY...
Can you help answer these questions from other members on NexusFi?
..7630.. and counting ;-)
looks like that short has some weight
and not making a "W" right now which could have been seen as a possibility in this chart.
Will make some remarks on a chart end of the day here.
Looking at the downmove which had no possibility to find a support
to form a "W". Price has found a lower zone in the second part.
This means the support was to weak and further down movement
is highly possible.
As we know from our one Dax journal on Wednesday's normally
a short is the best choice ;-) - we are looking forward to some
more down hopefully with force will happen.
Right now the 7733 is a magnetic line which had to been touched several times.
There are high possibilities to see the scenario described in the last post to happen.
Price has entered into the bullish Kumo (daily) and will be rejected as the strenght
of resistance is too high right now.