The overall market has been in a downtrend for the past 2 weeks of trading as it is reaching its 50EMA. This has been a great buying opportunity in the past. It might be a good idea to be long the 
SPY for a possible bounce today and tomorrow before the big OPEX expiration. On Friday, given the big volume of options that will be traded we might have an increase in volatility and some extra selling pressure. A dip below the 50EMA around 441.8 negates this thesis
SPY for a possible bounce today and tomorrow before the big OPEX expiration. On Friday, given the big volume of options that will be traded we might have an increase in volatility and some extra selling pressure. A dip below the 50EMA around 441.8 negates this thesis
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.