SPY CHEAT SHEET
This is the 'Cheat Sheet' that will show you the following.
- After the sustained correction of 2008 it was the last time a MAJOR prolonged correction was permitted.
- All the corrections after that point were single,double,triple bottoms.
- TICK chart showed that someone was buying everything in sight up starting the end of March. SPY could not get past that point and the floor was nailed in a $240.
- The market will try to break the $240 barrier again and this will form a giant W in the market.
DO NOT SHORT THIS MARKET AFTER $240 YOU WILL BE BULLDOZED UNDER BY THE BAGHOLDERS AND YOUR PUTS WILL THETA AND VEGA DECAY
- After the sustained correction of 2008 it was the last time a MAJOR prolonged correction was permitted.
- All the corrections after that point were single,double,triple bottoms.
- TICK chart showed that someone was buying everything in sight up starting the end of March. SPY could not get past that point and the floor was nailed in a $240.
- The market will try to break the $240 barrier again and this will form a giant W in the market.
DO NOT SHORT THIS MARKET AFTER $240 YOU WILL BE BULLDOZED UNDER BY THE BAGHOLDERS AND YOUR PUTS WILL THETA AND VEGA DECAY
Note
Correction : $220! The bottom of the previous.
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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.
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.