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.
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.
Wow! I'm the best “contrarian” indicator there is… All I had too do, to get this market to sell off, was give up!