On 6/26, in my linked idea: "Burning All Puts" (feel free to play out the linked chart)., I expected us to continue bullish momentum with an upside move (see arrow drawn) despite the ongoing bearish sentiment at the time. Almost 1.5 months later, we are where I had theorized - a long way up and retesting our supply & demand zone. We may likely move higher into the...
My previous post for us to break $400 on SPY happened this week. You can see the directional arrows I drew in the past which was my thesis in how I expected the market to move at that point in time.
Where do we go from here? Ideally looking for $SPY to test $415 before entering into a large play. I'm not looking for the market to crash the next day.
Scaled in LONGs at current levels a couple hours ago (per most recent TWTR post). I mentioned in my last post that we would see a move up. My aim is for $SPY to exceed $400+. I'm not bullish in the long-term, given the macro environment but will take advantage of a likely pump over the next couple of months. Will add more if SPY lowers (impossible to catch the...
