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I missed my upper target by 34 Cents

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farooq Member Level  Monday, 05/13/19 03:20:47 PM
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I missed my upper target by 34 Cents on SPY, now we tested 280.90 area and low is 279.93 now that indicate next area of testing will be 277.41 than 270.85 and finally capitulating at 262.48.
Are we going straight there probably not but chances are this and next week be bloodshed on the street.
If we close near the low of the day or new low than upside is limited.
Protect your investment get rid of margin loan.

Farooq
This post is for educational and amusement purposes only, and is not to be interpreted as trading advice. Consult your financial adviser before placing any trade.

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