Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top

$SPY Bearish Engulfing candle

Don’t hate me; one critical trait that retail investors have difficulty grasping is the ability to react (to market conditions and price actions).
Markets are volatile and situation is constantly changing. What you planned days or weeks in advance might not be the same now.
A bearish engulfing candle is spotted on the $SPDR S&P 500 ETF (SPY.US)$ DAILY chart, and together with Fear & Greed index at 70 (it dipped from 76 at the previous close). I think its wise to refrain from (or go smaller with) your LONG positions. Thread carefully!

What I will be doing:
1. Tightening up my stop-losses
2. Take profit on my winners (SOFI, AFRM, CCL)
3. And for anyone who are still holding in the RED. It is never wrong to sell your losers and raise cash and prepare for any potential dips!

$SPY Bearish Engulfing candle
$SPY Bearish Engulfing candle
Is anyone still on X? x.com
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
11
+0
3
Translate
Report
199K Views
Comment
Sign in to post a comment