$SPY Pushed out everyone that went short at the 50% fib. Now, started to show profit takers from the move. Not a complete breakdown here and we would be looking for some buyers to step back into support again. Even with the 2-day downside bulls in charge.
Written by Iceman Trading Academy
Iceman Trading Academy founded by Barry Mohan in 2016. Our goal is to educate traders both experienced and inexperienced as we trade live. We focus on risk management, trading price action, position sizing, techniques, entries and proper exit strategies. Trading should be as much mental as it is physical, here at the academy we strive to better train the mind to adapt to changing market conditions. The cost of not being trained properly is the main reason why traders don’t succeed at daytrading. Alongside with our intra day trades we also have a biweekly updated swing trade list.
- $SPY Targeting the 200sma for a short term upside momentum move this week. Big test
- $SPY updated chart. The trend remains intact. Sellers surfacing into pops. Will maintain long positions
- $SPY When you see this being bearish let me know. “Hope” for a top or