Replies to post #382771 on SPDR S&P 500 (SPY)

[ducci1]

Very textbook falling channel I thought---easily tradable swing or day trade---plus nice 30 min R3 !--- got descent scalps on SQQQ on the side--- falling channels last year 9&10%----for the last uptrend---78% Fibs SPX 5010---SPY 500-----61.8%--SPX 4815----SPY481---gets us around the 10%---A straddle would have been good for Monday with all that selling----Ops Exp ---sometimes lots
of action---hope the bottom doesn't fall out of the channel---it's a great ride----nice chart----there were lots of micro trades on the way down off the 3 & 5 min 20 & 50 EMA touches---was off guard juist looking at the macro----T & S--had an option to send charts off sight but they took it off to bad was real slick---have to work on that!