SPYvsGME

Be Impeccable with your Word!

AMEX:SPY   SPDR S&P 500 ETF TRUST
I’ve been in a dark place for far too long and spreading gossip and speculation of crashes in the economy, market bubbles, and Bear FUD.


I participated in speculation and gossip over the past 9 months in financial/gaming/gambling social communities, in particular with GME, AMC, and DogeCoin.

It was my contention that the events of Jan 6 were linked with them directly. I would mainly gossip, and for that, I would like to set the record straight, Any writing about VIAC, GME, AMC, and Crypto is pure speculation (gossip) and I plan to only talk about the facts that move markets from now on.

I also gossiped in regards to the accelerated growth\decline of some hedge funds like Archegos and funds like Arkk who dwarfed the gains of their peers during the last 1.5 years.

I was not being Impeccable with my word. Financial celebrities like Cathy Woods and Bill Hwang should be considered such.

When I was at my best I was following the word of market masters like Cem Karsan.


This chart I started today has been updated with some more ideas from the past like the buy the dip trend.


Going forward I plan to learn how to chart like this one using my own ideas/observations. So expect some BS as I learn from my mistakes.

Ideas I follow include:

  • 1.5+ Y regression trend since Max-Q..E and rates dropping.
  • 3M regression trend capturing primary market-moving events each month.
  • 3W regression trend following the final week+ expected price target (green $$$ line).
  • March 20 Fibinaci Time Zone, 21, approx anniversary of GME when I decided to learn how markets move.
  • Strictly 2 price target scenarios (bull/bear), and 2 time frames, after the 3rd week of each month and 21 Fib.
  • And most importantly lighter side commentary/memes on fintwit reactions to events in the world economy.


Rest of Month

1. A decline into OPEX, by the dip again and decide later because we know the US cannot not make a decision and return on-trend to 5k SPX by the EOY. Bulls Win 3.08%
2. A decline into OPEX that attempts to trap bulls in another BTD sike out (Evergande). This leads to more decline below 21D EMA. Bears Win -4.15%
3. What actually will happen.

Rest of Year

1. Full Steam (QE) ahead into Christmas with a 500 price target.
2. Further decline into a bear correction of 5-10%. Fate without a sense irony price target at 420.69.
3. What actually will happen.

As Always. Be Well and Behave.

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