OPTIONTIGER BLOG

GET INSIGHTS OF FINANCIAL MARKETS, OPTIONS TRADING AND INVESTING.

SPY Chart Analysis

SPY Chart Analysis

 

As we head into the middle of August, most traders are closing their August expiry Options positions, and looking for good trading opportunities for the September trading cycle.

 

At these points, it’s always a good idea to do a study on the SPY Chart, and see if we can get some sense of what the next 2 to 4 weeks may look like.

 

The SPY is a highly liquid broad-market Index ETF, in fact it’s the ultimate instrument to gauge broad market sentiment.

 

A Technical analysis review of the SPY Chart is below in the video.. A few points to note are –

 

1) We’re in somewhat of a “no-man’s land” right now

2) Bias is more to the downside

3) Volumes have dropped by 50% in the last month

4) Upside “fatigue” exists

 

SPY Chart analysis video

 

 

 

 


Share this Article



Leave a Reply

Your email address will not be published. Required fields are marked *

Get access to Free Courses, E-Books, Market Updates and 500+ Video Library.

Join Free Now!




Futures and Options carry risk and may not be suitable for everyone. OptionTiger is an educational site, and is not a financial adviser or broker. If you need professional investment advice, please consult a registered investment adviser. All stocks, ETFs, commodities, Indices and other securities mentioned in our courses are for educational and illustrative purposes only, including all mention of Returns, Margin Calculations, and different Margin types. By visiting our site and accessing material, you are implicitly agreeing to these terms.
Copyright © 2012 to 2018 - All Rights Reserved by OptionTiger.com