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MrMarketMaker
Feb 1, 2019 11:02 PM

SPY confirms the 100 Daily MA as resistance yet again...look out Short

SPDR S&P 500 ETF TRUSTArca

Description

Chart is self explanatory. Haven't moved circles from previous charts, those are estimations of when I think we will get there based on trendlines intersecting.

I really think next week is going to be full of red. Spy will decline 3-5% next week.

Position: 265 / 250 put spread @ .70 per contract.
Comments
kryptowavetrader
5th spx put destroyed by the market yet again. thanks for your money.
MrMarketMaker
@kryptowavetrader, bottom red line was hit, not sure what you're referencing.
kryptowavetrader
@MrMarketMaker, where your target it busted through your top redline and missed your target red lines at the bottom.


"I really think next week is going to be full of red. Spy will decline 3-5% next week. "

Where was your target hit XD
MrMarketMaker
@kryptowavetrader, 02/08 if you know how to read candle charts, you'd see that ;)
kryptowavetrader
@MrMarketMaker, If you had a brain you would realize your targets at 250. REKT haha what a loser
MrRenev
@MrMarketMaker, So you are saying you hold loser at huge losses and take profit very early? And in hindsight "went long when it went up". Yep, this is all adding up XD
MrMarketMaker
@MrRenev, that is exactly what I am saying!
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