$SPY $SPX Analysis, Key levels, and Targets
$SPY $SPX Analysis, Key levels, and Targets
You’ve got to admit… this chart is pretty sexy, even though I made a ton of mistakes trading it in the past two weeks…. And honestly… Stupid Willy was trying to tell me, but I was stuck in my bias….
We’re coming up to a level that has a lot of interesting things… we’re right at the down gap, and there’s an up gap running right through the middle, the Daily 200MA (light blue dotted line) and the dark blue downtrend line (dark blue dashed line) that has been respected all year…. Truly beautiful…
VIX got crushed and there’s some gaps to fill… I’ll publish that next… I definitely have ideas if we move into that gap… Looking into puts on the March 17th contract but I’m not sure which strike yet, It will be ITM and around the 60-65 delta strike…
Are we going to get a Santa rally? I’m pretty sure that everyone is wondering this right about now… for right now I’m going to say no, but I’m staying open minded… and trading both ways until I get a clear sign… but honestly, I think we see down sooner than later…
Let me know your thoughts… Tomorrow is a half day, markets close at 1pm and it should be a slow day, but let’s see what happens….
You’ve got to admit… this chart is pretty sexy, even though I made a ton of mistakes trading it in the past two weeks…. And honestly… Stupid Willy was trying to tell me, but I was stuck in my bias….
We’re coming up to a level that has a lot of interesting things… we’re right at the down gap, and there’s an up gap running right through the middle, the Daily 200MA (light blue dotted line) and the dark blue downtrend line (dark blue dashed line) that has been respected all year…. Truly beautiful…
VIX got crushed and there’s some gaps to fill… I’ll publish that next… I definitely have ideas if we move into that gap… Looking into puts on the March 17th contract but I’m not sure which strike yet, It will be ITM and around the 60-65 delta strike…
Are we going to get a Santa rally? I’m pretty sure that everyone is wondering this right about now… for right now I’m going to say no, but I’m staying open minded… and trading both ways until I get a clear sign… but honestly, I think we see down sooner than later…
Let me know your thoughts… Tomorrow is a half day, markets close at 1pm and it should be a slow day, but let’s see what happens….
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I am not your financial advisor.
I am not your financial advisor.