TICKER:$SPY
We closed friday with a big red day; Largest red day since October 1st of 2019. This is due to the financial sector (XLF) topping out at the all time high.
Next week is a very important week for the market. FOMC is on Wednesday in addition to tech earnings ($AAPL, $AMZN, $FB, $MSFT, etc...). I expect high volatility this coming week and depending on this week, the market will either consolidate or continue to reach all time highs.
Regardless if its bulls or bears, I am looking to go aggressive this coming week. If XLF continue to dump with spy breaking the low of friday (327.36), I will play TVIX.
However, bulls still have complete control on the daily and weekly time frame. Anything above 320.15 is just a daily HL.
We closed friday with a big red day; Largest red day since October 1st of 2019. This is due to the financial sector (XLF) topping out at the all time high.
Next week is a very important week for the market. FOMC is on Wednesday in addition to tech earnings ($AAPL, $AMZN, $FB, $MSFT, etc...). I expect high volatility this coming week and depending on this week, the market will either consolidate or continue to reach all time highs.
Regardless if its bulls or bears, I am looking to go aggressive this coming week. If XLF continue to dump with spy breaking the low of friday (327.36), I will play TVIX.
However, bulls still have complete control on the daily and weekly time frame. Anything above 320.15 is just a daily HL.