SPY

avatar

SPY has been opened lower and consolidate around the same level after the market. We have seen break out in 4 hours chart and unfortunately it did not stay there long. SPY has been trending up in a pretty fast way after it found bottom, but it has been dragged down with the bond default news as well as oil price keep drifting lower and undercut the bottom again.

For now, if you have bottom fish in past weeks, maybe it is good to take half of the profit off the table and manage the winning position accordingly.

Screen Shot 2020-04-16 at 12.25.52 AM.png


Posted via Steemleo



0
0
0.000
0 comments