$SPY TANK SZN
We have seen a straight liquidity sweep and a relief rally last week as the whole week was green then all the weeks gains Were erased by one RED day... I am looking to load up on some more puts soon.
-We have closed for the second WEEKLY candle BELOW the 200EMA which makes us even more bearish
- On the monthly we have a strong sell candle and then a potential Bear rectengle
- we might have another Relief rally week again
- CPI DATA Comes out Thursday
-Looking for LONG TERM continuation of the downtrend and a short term move to the up side
-Depending on CPI will tell us how its gonna go till the next FOMC meeiting
Key dates:
**OCT 12th -**
7:30: PPI (Producer price index) --> Finished goods
1:00 - FOMC MEETING MINUTES (Document not speech)
**OCT 13th -**
7:30: CPI month over month
CPI YOY
CORE CPI
Unemployment updates
**OCT 14th -**
7:30:CORE RETAIL SALES
9:00 UOM Consumer Sentiment release
-We have closed for the second WEEKLY candle BELOW the 200EMA which makes us even more bearish
- On the monthly we have a strong sell candle and then a potential Bear rectengle
- we might have another Relief rally week again
- CPI DATA Comes out Thursday
-Looking for LONG TERM continuation of the downtrend and a short term move to the up side
-Depending on CPI will tell us how its gonna go till the next FOMC meeiting
Key dates:
**OCT 12th -**
7:30: PPI (Producer price index) --> Finished goods
1:00 - FOMC MEETING MINUTES (Document not speech)
**OCT 13th -**
7:30: CPI month over month
CPI YOY
CORE CPI
Unemployment updates
**OCT 14th -**
7:30:CORE RETAIL SALES
9:00 UOM Consumer Sentiment release
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