As we have seen in the past few days, bulls clearly have the favor here as they've managed to push nearly to post correction highs. Amidst a trade war and upcoming earnings, investors still seemingly have a positive outlook of the economy. From a technical perspective, however, we have witnessed below average volume and high capital outflows. As investors, should...
I bought SPY Puts earlier 8/17 270 and 263. Although, my portfolio is down 40% at the moment, I came across the Elliot Wave Theory and thought that this might come in play. Friday's strong push caught me off guard so it would only be a miracle if this comes true. However, if we see strong momentum that breaks past ~276, I will close out my positions.
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