SPY going to reverse around noon tomorrow
I have been testing this theory with my friends about a crossing of patterns that signal a trend reversal days or weeks before. Tomorrow on the half-day chart is showing a reversal around 12:45 pm during the trading session. I think the Market is overbought and the dollar just hit a support zone. There could be continuation tomorrow but I think over 5% on the market is too high and needs to retrace back down sometime. I think 390 on the SPY could retrace so I bought 395 PUTS for tomorrow.
Let's wait watch and see.
Let's wait watch and see.
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