SPY correction continues & another earnings season begins SHORT

4月22日

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?

4月22日

トレード稼働中

Shortentry add at 502 at the intraday high:

4月23日

トレード稼働中

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

4月23日

ノート

and the same for NVDA

4月23日

ノート

and NFLX among others

4月25日

ノート

4月25日

ノート

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.

4月26日

ノート

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

4月27日

ノート

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

4月28日

ノート

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

5月1日

トレード終了: 利益確定目標に到達

Proftis realized position closed going long on the rebound.