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Todopoderoso
May 28, 2020 12:53 AM

still heavy resistance ahead Short

SPDR S&P 500 ETF TRUSTArca

Description

after 2 days battling 300 resistance it broke out to the upside , but as usual no volume , same old news (economy re opening, new vaccine hopes?.. if it keeps going up like it has well be looking at ATH by end of july but that would be ridiculous , there has to be a pullback. hopefully that would happen next month. be careful trading here since the sentiment is still bullish use stop loss, stop loss is above the78% fib . good luck
Comments
RadLunsford
Nice chart keep doing
TexasOilYachts
I really hope this is the case - those SPY Put premiums are looking juicy :)
azdevil
its obvious you are not shorting anything, bet you don't have a 1 dime on any short
Todopoderoso
@azdevil, you have no idea what you talking about i had to cut losses on my 297 puts because kids like you keep buying and chasing stocks
azdevil
@Todopoderoso, I am not a kid, 48 years old, and i have been selling puts to the kids :)
Todopoderoso
@azdevil, hahaha good one. please do an idea and enlighten us with your knowledge.
azdevil
@Todopoderoso, Actually since you like to short, tomorrow go buy some puts on two names, IWM, and RSP, would appreciate it
Todopoderoso
@azdevil, no thanks i earned enough on my NVDA and SHOP puts. how about you buy SPY calls above 310 since you are going long.
azdevil
@Todopoderoso, I already have them, actually 315 calls
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