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I have been waiting for a right time to short the S&P500 ETF (SPY) and finally I found clear signals to short this ETF by buying PUT Option. Bearish Signals Evening Star candlestick pattern. SPY was unable to break the 200D MA resistance and bounced down. 20D MA is coming down very steeply to cross [...]
Wilmar’s current price looks attractive currently after a huge gap down due to tax accounting issue. The current level may not be a good entry level for trading because there is a risk of forming evening star candlesticks pattern and may send Wilmar to $5.10 (61.8% Fibonacci Retracement Level). Immediate support $5.76 which is a [...]