SPY correction continues & another earnings season begins SHORT

22 เม.ย.

SPY on a 120 minute chart uptrended from October into late March. A standard Fibonacci

retracement for this trend down could take it down to the 475 range or about another 10%.

Current price is under the daily SMA 50 ( blue line) at 495 and could continue to fall into the

SMA 100 ( green line) which is confluent with the Fibonacci retracement level. Deep support of

the daily SMA200 ( red line) representing more than a 50% retracement is at the 450 zone.

Megacap technology earnings upcoming may lead the way down or cause a consolidation for

a reversal. April will likely be a big red month. April showers bring May flowers?

22 เม.ย.

การซื้อขายยังคงดำเนินอยู่

Shortentry add at 502 at the intraday high:

23 เม.ย.

การซื้อขายยังคงดำเนินอยู่

SPY pulled back on the trend down today making for an add entry on the short position.

23 เม.ย.

บันทึกช่วยจำ

and the same for NVDA

23 เม.ย.

บันทึกช่วยจำ

and NFLX among others

25 เม.ย.

บันทึกช่วยจำ

25 เม.ย.

บันทึกช่วยจำ

Looking at put options for 2-3 days expiration ITM. Price trending down today to

make up for the uptrend yesterday. Took 2 shares at the first high pivot and will sell

one at the low pivot of the afternoon.

26 เม.ย.

บันทึกช่วยจำ

Nice volatility for intrday trades today. Expecting a downtrend resumption tomorrow.

27 เม.ย.

บันทึกช่วยจำ

SPY reversed today but it may be shorts covering to take profit. I have opted to maintain full short positions going forward for now.

28 เม.ย.

บันทึกช่วยจำ

SPY is still only 5% below the 2024 ATH and putting in a bit of a bear flag. Overall
supertrend is bearish bias ongoing.

1 พ.ค.

ปิดการเทรด: ถึงเป้าหมายการทำกำไร

Proftis realized position closed going long on the rebound.