FebWk2 - SPY performance is beautiful. The SPY has yet again closed at an all time high. This is evident in the candlestick showing a blue upward movement. The good thing is, price is above the Kijun Sen now.
The bad thing is (in my opinion) the Tenkan Sen is now suddenly catching up and trying to converge with the Kijun Sen. This just means that it might be the end of the bull-run? Not to worry, it might not happen, at least not for two trading days at least. But it would be interesting to see where the market leads this week.
The good news is, I clocked in 1.95% ROI for the trade last week. :) Not too bad considering that it was a risky trade. But at least the calculations paid off. :)
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