JB7oh2

SPY BULL TRAP?

JB7oh2 Premium Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Who wants all the smoke, it’s coming tomorrow action packed day. I’m not sure what’s going to happen but I’m leaning bears. This range has been played out before and every time it doesn’t end well. The dollar is ready to rally again and stock charts are looking bearish just pick any tech chart. The fed is adamant about taming inflation and the pivot comes when they start cutting, the pause will cause the crash that’s the way it happens. To many things are pointing to a pullback of 20% in the meantime we range and hang every now and then as we deal with the macro. The geopolitical seen is quiet while they watch the word cup, seriously. This fake fed pivot rally we’ve been on is going to surprise a lot of young ones, be careful tomorrow sit out enjoy your day travel safe for Thanksgiving get ready to enjoy life. Because there’s a huge negative delta on spy today, put buying & call selling. I wish TV would put in more option information on there platform.
As always trade what’s in front of you good luck stay safe on your travels
Comment: Mixed feelings about this data dump today biggest thing durable goods not good. I’m watching the dot plot for FOMC the last meeting they didn’t release one
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