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JB7oh2
Jun 28, 2023 12:22 AM

SPY BREAKS OUT 

SPDR S&P 500 ETF TRUSTArca

Description

Finally we break out of the falling wedge and it was a strong clear break no gaps. Right at 10am the consumer numbers came out and showed strength in spending, people will waste money all the time, I know I do lol. Make sure to look at my Sunday post about events to check real quick what’s happening that day. I knew that 30 minutes into the day we would have data so I waited and bought 434 calls at around .26 now of course I sold to soon but it was a good day after all. So tomorrow the ECB conference starts at 9:30am est time, it will be a lot of inflation talk and climate change stuff, I really think we rally up tomorrow. Don’t sleep on America spending money. We suffer more in imagination than in reality. Seneca.

As always trade what’s in front of you good luck
Comments
JB7oh2
AI is here to stay no scam gotta get used to it, just like when they invented the calculator math teachers had to rethink how to teach and test students, that’s what I think @Luck264
Steversteves
@JB7oh2, @Luck264 Wanna know what I think? The only scam is that NVDA and MSFT are getting praised and pumped when IBM was way ahead of its time with Watson. While NVDA pumps so unnecessarily and MSFT pumps (I am more empathetic to MSFT pumping because I like the stock), IBM continues to underperform. Its such a joke. Even AMZN was way ahead of the whole AI thing before NVDA and MSFT ever even spoke the word. Its all just a charade.
Luck264
I think spy is top here. Not able to push higher. Rejecting after 437 was scary. I removed my position before rejection with 16% profit on calls. Scary market
litketups94
Lets retest 431!
JB7oh2
@litketups94, it could happen tomorrow you never know what they will say or how the market will react to the conference
Luck264
@JB7oh2 futures coming down
JB7oh2
@Luck264, Biden just put some restrictions on AI tech to China NIVIDIA will probably go down it just came out a hour ago. We’re still at 435 spy
Luck264
@JB7oh2 Lol AI feels like scam
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