2025年1月25日星期六

A BIG LOSS!!! Overlooked potential resistance!

 


There are two catches for this trade:

1. There are 2 bottoms tested on the 2nd day after trade entered.
    - A horizontal resistance formed by bottoms of October and November.
    - A declining slope formed by bottoms of mid-Nov and mid-Dec.

2. Short Position should be much conservative as SPY is upward bias. So, the downside target is almost 200 points which is hard to reach.





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