Turkish_007

Judgement Week for $SPX $SPY is Upon Us

Long
SP:SPX   S&P 500 Index
Really not sure what to expect, but the level of bearishness combined with a few gigantic stock splits ($AMZN splits Monday 6/6, $GOOGL 7/15, and $SHOP 6/22) could propel the marketing into the 4400 range. I believe that would be the MAXIMUM pain for bears, then continue down.

Reasons for my bullish short tern outlook.

1. $AMZN stock spilt on 6/6
2. Incredible amount of PUTS across the bored leading to a sense of over hedging
3. TTM Squeeze on $SPX daily looks primed to rip towards the upside
4. WeBull comments section is super bearish. lol

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.