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JB7oh2
May 25, 2023 2:30 AM

SPY WEIRD DAY  

SPDR S&P 500 ETF TRUSTArca

Description

Today started off as a trend day of sorts we didn’t even try to fill the gap at the open. No good news what so ever all day. For some reason 30 minutes before the closing bell we rally 2 bucks on what, maybe politicians were getting ahead of the news but then we sell off. That was some advice manipulation of the market. 1 good trade then 1 really bad trade for me today. Prelim GDP, unemployment and pending home sales tomorrow. Bulls have a ton of work as the trend has fallen dramatically since Monday. Trade safe keep your mind focus don’t carry that shame and guilt of past losses let it go. Apologies for the late post had some errands to run
As always trade what’s in front of good luck
Comments
rae2468
SPY seems to be waiting on the debt ceiling to make its move. I’ve decided to straddle options for next week. Have you been through this insanity to this degree while trading?
JB7oh2
@rae2468 FOMC lol
rae2468
@JB7oh2 You are right about FOMC. This is my first debt ceiling showdown.
Luck264
Is spy is linked with debt ceiling really ?
JB7oh2
rae2468
@Luck264 it is tied to the financial turmoil that will be created if the debt ceiling is not raised.
Luck264
@rae2468 so June is going to be red. Waiting for the confirmation
JB7oh2
@Luck264, you know nobody knows what the market will do in the future we trade off speculation the best guess gets placed
TORNADOF5
any idea when to short qqq ? thinking about long sqqq , but scum market keeps me lose :[
JB7oh2
@TORNADOF5 honestly I wouldn’t short anything right now. The minute the debt ceiling passes the dollar will go down which means markets go up.
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