SPY: Preparing for the storm! Short

SPDR S&P 500 ETF TRUSTArca

Description

⋅ Jul 8, 2021 12:11 PM

I am not short SPY but having those protective puts could hedge against your positions during this market correction.

Considering taper tantrum, hot inflation, and all the international tensions, let's hope that it doesn't turn into a crash!

Comment

⋅ Jul 20, 2021 3:19 AM

is this trend line going to hold?

Trend Analysis Technical Indicators

Comments

reubenroyal

⋅ Jul 9, 2021 9:27 PM

I agree we should see a pullback, not sure how dramatic it will be, but it does look a bit over extended

Sharkoriah

⋅ Jul 11, 2021 12:37 PM

I agree completely but see the top of SPY at 445 which is the .618 FIB from the fall by corona Feb 2020

poister198

⋅ Jul 9, 2021 3:39 PM

Bears on this board only have rising wedges and divergence, while all other indicators are bullish.

Try higher high, higher lows, lowering EMA gap, low RSI = low selling volume, and so many more screaming bull.

Realamh

⋅ Jul 20, 2021 3:20 AM

@poister198, let's hope it's not dipping anymore or it will be a disaster

poister198

⋅ Jul 20, 2021 4:28 AM

@Realamh, bearish signal having shoots but still overall bullish, basically market is selling on nothing (media reports delta variant but sidnt delta variant exist way back months ago?) Just looks like a major rebalancing after oil talks

hihi123456

⋅ Jul 8, 2021 10:42 PM

Anyone shorting this market clearly does not understand the mechanisms behind it driving its price.

buddumz

⋅ Jul 8, 2021 10:05 PM

Ehh I think in a way allot people are over the covid scare. Yes there is slight panic selling but as you can see the market is just amazing when it shows no fear.