Currency $SPY trading alert 💹
Bulls: Suggestion
Entry range: 750.4505-755.8798
Stop loss: 747.4342
Targets: 760.1026, 766.1351, 775.1840
Technical analysis: This round on SPY—at 754.07, the EMA has just formed a golden cross (753.65 crossing above 753.23) + MACD has also just formed a golden cross. RSI is 59.6 and not overbought yet. It’s plain as day: “I’m going long.” But honestly, when the old dog looks at this chart, it’s annoying—slowly grind up from 750, and in the middle it even poked a few needles to shake people out, then it deliberately hooks you to chase higher and kicks you off the trade. Who wrote this stop-loss level 747.434184 for? Down to six decimal places—I'm even annoyed that my fingers might mistime the digits when I place orders manually. Size your position yourself—don’t come in and go all-in. Chasing long from this level is basically betting on a breakout of that small platform at 754.2. If it breaks, look at 760; if it doesn’t, it’ll drop back to 748 and wait for the next round. Bottom line: the trend is there, but the car is swaying badly. If you want to get on, wait for a pullback near 752 to enter—don’t learn from me: full position, staring at the candlestick chart at 3 a.m. with a heart attack.
Suggested stop-loss level: 747.434184. Adjust position size according to your own risk appetite
#SPY
Bulls: Suggestion
Entry range: 750.4505-755.8798
Stop loss: 747.4342
Targets: 760.1026, 766.1351, 775.1840
Technical analysis: This round on SPY—at 754.07, the EMA has just formed a golden cross (753.65 crossing above 753.23) + MACD has also just formed a golden cross. RSI is 59.6 and not overbought yet. It’s plain as day: “I’m going long.” But honestly, when the old dog looks at this chart, it’s annoying—slowly grind up from 750, and in the middle it even poked a few needles to shake people out, then it deliberately hooks you to chase higher and kicks you off the trade. Who wrote this stop-loss level 747.434184 for? Down to six decimal places—I'm even annoyed that my fingers might mistime the digits when I place orders manually. Size your position yourself—don’t come in and go all-in. Chasing long from this level is basically betting on a breakout of that small platform at 754.2. If it breaks, look at 760; if it doesn’t, it’ll drop back to 748 and wait for the next round. Bottom line: the trend is there, but the car is swaying badly. If you want to get on, wait for a pullback near 752 to enter—don’t learn from me: full position, staring at the candlestick chart at 3 a.m. with a heart attack.
Suggested stop-loss level: 747.434184. Adjust position size according to your own risk appetite
#SPY