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SPDR ETFs

The document discusses technical analysis of a stock chart. It notes bullish sentiment but concerns about low volume. There is discussion of demand levels, potential trendline breaks, and entry and exit points for both long and short trades depending on whether prices break upward or downward from current levels. Overall it recommends waiting for clearer directional movement and opportunities rather than chasing trades.

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konnikov
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72 views94 pages

SPDR ETFs

The document discusses technical analysis of a stock chart. It notes bullish sentiment but concerns about low volume. There is discussion of demand levels, potential trendline breaks, and entry and exit points for both long and short trades depending on whether prices break upward or downward from current levels. Overall it recommends waiting for clearer directional movement and opportunities rather than chasing trades.

Uploaded by

konnikov
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Very bullish.

Only concern is volume


Yellow - weekly demand
Weekly demand below. Watch possible trendline break up.
Potential entry short (a little chasing)
1 : 4 : .50 loss $2.00 target
Either watch for a counternd trend trade RVM or for a pullback

Low probabilty short if does not gap down Monday


Potentially .50 : $1.4, see 120 min
Expectation a breakout UP after this consolidation, but if breaks down then short (stop entry) 57.44
Ascending trianlge, expectation breakout UP. If VTC down, then entry stop 58.44 - countrend
Close to high of the prior swing, pullback in the uptrend
Already a new swing on the weekly. Need to wait either a new high or another pullback
Trend is till up, but can't make a new higher. Not a clear picture.
No clear trend on weekly. Need to wait for a direction.
6/18/2019

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