I think we'll witness another bullish run in the market. The bigger picture is "down". It has to come down but I'm positioned for a move upwards for a while. This is my opinion based on technical patterns.
Note
looking at previous market tops, similar 'topping' process. I don't think it's ready to fall through the crack yet. Bounce.. then we'll eventually see this lower trend broken through for the continued descentNote
Looks like a flushout before the bounce.. before the bigger fall. My opinion Note
spy 250.. wow, wasn't sure if it would happen.. Glad I was hedged with puts to protect the move. 250 nice round purty # and a great place for banks/inst. to be buying the selling Yes, I'll take some myself
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.