Spy short 3-8% correction or New Bear Market

New Thread

ok everyone our levels for April 21st are

Bulls calls over 502.50
price target 504-505 max508 maybe unlikely wouldn't count to much on the upside targets

Bears short everything under 502
price targets 495-490-485 and as low as 480 this week

my scenario playing out this week is a range 488-500 max this is what I anticipate the week forecast stuck in a range before moving lower in MAY.

Comment:

be very careful cautious with calls I do think we are overdue for a bounce but I don't think we really see a dead cat bounce / relief rally till 480-485ish

Comment:

hope you guys are all making money!!!

(Live will be coming soon)

Comment:

if we break 499
496 is the next target

Comment:

Comment:

so beautiful

Comment:

put holders overnight we don't want this price to have bounced like this 499-500 bulls are fighting to keep it up just have caution

Comment:

we want to close 499-498

Comment:

to possibly open up 496 tomorrow

Comment:

looks like we are doing a good job

Comment:

same levels apply for Tuesday's trading day, it is possible at some point to see 505 short term Tuesday-Wednesday

Bulls calls above 502 to 503-504-505 (508max which i see unlikely unless its squeezed up

Bears short anything under 502 -496-495-490 as low as 485

Comment:

I'm thinking if we don't get past 502 premarket this is coming down hard

Comment:

Comment:

Comment:

safe zone to load up on heavy puts

Comment:

Goodluck

Comment:

lets gooo
watch the bears come alive right here

Comment:

i suspect a big drop incoming

Comment:

bulls if you get above 509 and close bulls regain control of this market

bears hold tight see what happens in premarket if we stay under508ish this can come crashing down very fast this week

Comment:

im calling 502 in a few hours

Comment:

Comment:

so far so good

Comment:

we broke the bullish daily trend
today is bearish

i will let you know once we break back into bearish long term trend
correction or bear market
only time will tell

Comment:

for us to take over long term trend we need to break 500

Comment:

this definitely has potential to reverse hard to downside

Comment:

games burning premium bulls/bears

Comment:

now its on its way to retests 404.50
this is aggravating

Comment:

burnt so much premium

Comment:

if we break 504.50 we will see 502ish today

Comment:

under vwap i suspect if does not get over vwap its downhill from here

Comment:

i told you we would see 502ish lol afterhours

wow I'm about to print these shorts lol

Comment:

definitely see no big bounce i figure we test 495 before 491

Comment:

Comment:

if the bulls don't do anything here slow grind down today

Comment:

and we are bk in either
a 3-8 correction or bear market downtrend only time will tell if its a bear market

Comment:

how is everyone doing with there trading

Comment:

ohh boy breaking bullish

Comment:

above 500 bulls trying to take control

Comment:

calls above 500 if it closes 15mins

Comment:

i suspect it will run to 503

Comment:

short term put holders might want to exit 15mins or so and just reinter at higher price

Comment:

i would enter again accumulate 503ish

Comment:

good chance we see 503

Comment:

wait hold

Comment:

it might not goo

Comment:

10 mins ill give u a answer

Comment:

might be a false breakout

Comment:

i would release short term puts buy them bk at 503

Comment:

i think we get rejected hard at 503

Comment:

Comment:

follow chart

Comment:

would load heavy at 503 puts

Comment:

loading up on puts

Comment:

Comment:

so far so good!!
Rember take profits on puts if they are short expiring today or tomorrow expirations
already up 48% on mine expiring tomorrow selling them 501.40

Comment:

fyi price could go to 500 or lower just don't want to be greedy

Comment:

selling my short term puts for 60% lets gooooooo

Comment:

just created for you guys hope you all take advantage of it

Comment:

this is for the traders that want to learn how make this as a supplementary income to full time gig and achieve financial freedom
charts that i don't post on trading view only subscribers!!! Will be live trading as well on here 5 days a week

Comment:

if we don't break 504 I'm entering shorts again 3 days

Comment:

kick.com/JoeWtrades

Comment:

opportunities to get in shorts??? a week out

Comment:

Comment:

Comment:

kick.com/JoeWtrades

Comment:

chop day maybe grab puts before close for 2 weeks out goodluck

Comment:

I'm anticipating possibly below 500 this week!!! We have a big week with rate decisions we are still bearish neutral! This week and monthly close should give off enough info to see if we are still in a correction, bear market or bull run bk on!! I will also update Sunday 8pm pacific time

Subscribe only) below for live trading
kick.com/JoeWtrades

Comment:

i would be accumulating shorts here

Comment:

Comment:

Comment:

Comment:

Comment:

subscribe now for live trades
kick.com/JoeWtrades

Comment: