Its Playing out Accordingly Spy $544! Do I think it's going exactly to $544 yes, what I'm trying to figure out is if that's the bottom , $530-510 are extreme levels for this to happen in theory it would shock the whole market in Fear causing many People to Release their positions and then Resulting in a drastic fast Blow off Topp All Time Highs , But in the meantime let's see how this plays out!!! We have a Government Shutdown Decision in literally 2hrs this will really rock the markets... We have a really interesting options chain We have way more supply than demand not looking to for Covers when selling pressure accurse this makes me think easy drop to the downside like butter, technicals dont look that great we are under the 200ema now going on 2 weeks!!! THESIS IS BEARISH PREPARE FOR THE DOWNSIDE!!!!! as always Safe Trades Traders
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Coaching, Breakouts
Live Trading Signals, Options, Live Charts
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Stock & Crypto Chat
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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.