$SPY price Action from Pandemic Low
Thought this was an interesting look at the 
SPY from a long-term perspective.
Very simple idea: Draw support channels from the pandemic low, containing all price action.
It was interesting to see how the support channels have meant less and less toSPY as we get deeper and deeper into this correction. Near the top, there is a great reverence for the channels, but as we have cascaded downwards, these areas of support and resistance have been exploited by Wall Street, as a means of trapping weak short/longs in what would otherwise appear to be great setups.
SPY from a long-term perspective. Very simple idea: Draw support channels from the pandemic low, containing all price action.
It was interesting to see how the support channels have meant less and less to
SPY as we get deeper and deeper into this correction. Near the top, there is a great reverence for the channels, but as we have cascaded downwards, these areas of support and resistance have been exploited by Wall Street, as a means of trapping weak short/longs in what would otherwise appear to be great setups.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.