I should make more predictions. After I said any decline should not exceed 10%, the market started with an opening salvo of -1.75% and going! Yay! “IN YOUR FACE, dude!”
Seen anymore fake prints? That 1174.93 level matches up with the 50ma (on daily chart) of the SPY, coming in around 117.50-117.70 area… which is also a horizontal support level too.
That would be a good bounce place certain, and could end the down completely, or just a bounce before a further decline happens.
Yeah lets make more bullish posts. LOL
kaching! Nice trade!
kaching! Nice trade!
Boys and girls, this is the way to make forecast. You are always right. hehe
I should make more predictions. After I said any decline should not exceed 10%, the market started with an opening salvo of -1.75% and going! Yay! “IN YOUR FACE, dude!”
Seen anymore fake prints? That 1174.93 level matches up with the 50ma (on daily chart) of the SPY, coming in around 117.50-117.70 area… which is also a horizontal support level too.
That would be a good bounce place certain, and could end the down completely, or just a bounce before a further decline happens.
Thank you.
$SPX % setup
1219.8 = 16.78%
16.78/4.56 = -3.679% (1174.93)
OR
16.78/1.245= -13.47% (1055.5)
Bought DRV yesterday at 6.65. Sold 1/2 at 6.93.
That's why I never trade VIX calls. Great idea in principle, sucks in reality.