Yep, That's What I Thought...SMH
SPY Not much explanation needed if you saw my last SPY post (attached). Welp, i'm thinking the area marked on the chart is the next test area between tomorrow and next Friday, depending on how it gets on up there. Not saying I'm going short there, just going to reevaluate if we reach that level, which was former uptrend support line lost, should act as resistance now. Maybe. I mean, I have SPX getting to around 3378 before turning down for a correction of more than 20%, so hell we may not even pause at this trend line. That level would put SPY at roughly 337.80ish before the next "Big One". Just spitballing a bit here, don't mind me. As I said, levels identified on chart, for now I'm in wait and see from there mode. Got enough gains from NFLX and BA puts from last week and from DOCU position today, so I'm in no rush to give it all back!! Hope you see green, happy hunting and GLTA!!
Related publications
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.