$SPY - Burned ALL Puts since 6/26
On 6/26, in my linked idea: "Burning All Puts" (feel free to play out the linked chart)., I expected us to continue bullish momentum with an upside move (see arrow drawn) despite the ongoing bearish sentiment at the time. Almost 1.5 months later, we are where I had theorized - a long way up and retesting our supply & demand zone. We may likely move higher into the zone, and I'm monitoring closely on an entry to scale in on shorts/puts (@grasegold). I fully expect us to create a new low.
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