There were four guys in a band who sang the tune.... see you in the lower 4s within the next 8 days or sooner. You can always do a spread if you think otherwise.. 430C/ 410P or something to that effect.
Goin' down, goin' down now Goin' down, goin' down now Cryin' won't help you, prayin' won't do you no good No, cryin' won't help you, prayin' won't do you no good When the levee breaks, mama, you got to move, ooh
Comment
⋅
Anyone catch what they did to TDOC after hours? They smoked that thing. I have to make sure any orders I set for investing are cancelled. They absolutely smoked that thing on earnings!
Comment
⋅
A little bit uncertainty on SPY but maybe I am just letting the earnings about to happen cloud my judgement. Either way, I took the sure route.. shorted one of those big box retailers that looks like it just made the next lower high and will be turning around and landing where I want no later than sometime next week....... when in doubt, play what looks more certain.
Comment
⋅
PS... SPY will be making a new low by the second week of May, at latest. Count on it!
It looks like futures want to test that 430 level. It’s pretending to be bullish as “investors shake off the fears of an upcoming recession” 😂
Courtneyd
⋅
@carefulRhino97368 exactly every time it went over 420 yesterday it came right back down . So don’t fall for the bluff it’s Thursday . And options will zero out by the end of the business day .
Original_Stock_Whisperer
⋅
Futures has that wedge going on.
UnknownUnicorn32969573
⋅
@Original_Stock_Whisperer@Steversteves@AlwaysAbsorbing u guys recognize a pattern ? 12 dollar sell off then bounce, 12 dollar sell off then bounce .... 411 is next then another bounce .... selling may stop after the fed meeting ... but the vix has one more wave up to finish off the right shoulder .... im thinking 19 on the uvxy then we are done here .... dont get too bearish ... a bull always hides in the corner ... dont get too bullish, a bear always hides in the corner
Original_Stock_Whisperer
⋅
@lavontakeyamon, Don't be a gap chaser.... that never goes well. But interesting on the little bounces. I did close my SPY just before, I am out for now. Considered doing a spread but nah... In a ton of other stuff, a ton and I do have a good amount of QQQ still. QQQ is looking very bearish. I think QQQ will bring SPY with it. I am looking to see SPY breaks the 4s within the next 2 weeks (I think sooner but lets just say 2 weeks)
UnknownUnicorn32969573
⋅
@Original_Stock_Whisperer, spy and the market will sell off again before apple and amazon report tomorrow .... thats what all the VIX volume is about .... just to manipulate earnings .... if. spy doesnt break 411 tomorrow, the fear will leave the market after apple and amazon report .... 404 will be off the table unless there is some more fear about a 75 bp. rate hike to ramp it back up but i doubt it ..... the selling was only meant to manipulate earnings
Original_Stock_Whisperer
⋅
@lavontakeyamon, I respectfully disagree. I will put the 440s on the table at some point but past that, nope. Looking for the Qs to crack the 3 mark in the same time frame.
UnknownUnicorn32969573
⋅
@Original_Stock_Whisperer, we will see on monday ..... just expect a sell off tomorrow followed by another day like today .... monday will tell if we see 404 or not
Original_Stock_Whisperer
⋅
@lavontakeyamon, Well if we crack did you say 411? we will see 4 probably by Friday. If that cracks tomorrow, good chance by Friday. Well see though. I say 2 weeks.
UnknownUnicorn32969573
⋅
@Original_Stock_Whisperer, spy must close below 411 tomorrow ... if it cant, its time to close out puts .... at least for friday and see if it rejects 418 .... if it does them 404 ... but if not then it goes bck to 425 ...... friday will tell it all whether to remain bullish or bearish