3 STACKS
9.7K posts

3 STACKS
@3StacksAndre
Stocks & Options Trader | The Art of Stacking 🥞 | NFA
Stocks & Options Trading 参加日 Eylül 2019
463 フォロー中1.2K フォロワー

Zoom in on $SPY 4hr and 641.72 was tested premarket for the second time this week (during premarket). This is where Trump pumped the market. Will he do it again?

3 STACKS@3StacksAndre
Look at $SPY weekly. It already hit the full measured move from covid low to high at the -0.786 fib (685.69) and stalled around there. It's now coming back down to test the next Fib extension -0.618 (641.72). If this does not hold buckle up. I wouldn't be surprised to see a sweep below this fib then a pop for at least a technical bounce.
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@growthrapidly Haha, It’s tough when CapEx is the main talking point.
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@3StacksAndre Hahaha at this point PE ratio doesn’t matter much in this market
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Look at $SPY weekly. It already hit the full measured move from covid low to high at the -0.786 fib (685.69) and stalled around there. It's now coming back down to test the next Fib extension -0.618 (641.72). If this does not hold buckle up. I wouldn't be surprised to see a sweep below this fib then a pop for at least a technical bounce.

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