I am looking for a lower low to be seen. I literally have spent all about 3 minutes plotting out some tickers and zero time on SPY since I looked on Friday but alerts are set.. if we come down for that lower low into the 70s I would be bullish from there just for a small bounce. If we gap up or move on up Monday into Tuesday I am not seeing things getting much passed 4 at all and then coming down.
Thats about it. Its a week before memorial day and still tons to do around the house to get it ready for summer still and temps are in the 80s on the island and its absolutely beautiful out so getting things down around here and then being on the water is where I enjoy life so I do not expect to be watching the market much at all this week. Alerts are set and I do have some limit covers in place and some limit buys with time expirations and some alerts.
Lets see how this week goes but I am looking to be in the 70s without question this week. Remember, the market still has a big drop coming, the only question is do we continue the controlled sell off or do we just start melting. I have a theory we may start melting off into July but that's all it is at this point, a theory. No sign that will happen still and until we see signs of that I have to go with the controlled sell off continues. Good luck guys!
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Nothing has changed guys... I am doing exactly what I said I was doing. If you cant see the setup developing, time to hit the books. I will throw some charts out there every now and then that are distorted just to see who copies and who knows what they are doing and its funny, I do see people copying. My plan is sincere though and I am doing just what I said. I do expect some more upside just like the plan says...
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As some have said, the stock market is closing. It's going to zero. Liquidation sale. No returns accepted.
@Original_Stock_Whisperer@Steversteves .... im noticing a massive bearish channel on spy since that 420 drop on the candlesticks .... this could take spy to the 360s within this week or next .... bitcoin is also in the same channel.... according to whats happening today, i believe by wednesday we go into an official bear market with a close below 388
premiumtheta
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you only spent 3 minutes NO TIME ON SPY for the ticker you are posting? WHAT ARE YOU trying to sell "If you cant see the setup developing, time to hit the books. " everyone can see what is coming obviously :D why waste your time posting when you admit you have absolutely nothing to say? that is nothing to post about, makes this looking like a social media post like twitter now! thanks for the laugh!!
The_Keeper
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@premiumtheta If you don’t like you don’t need to check.
One-World
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That's a big question "do we continue the controlled sell off?" I feel that the selling is being control till the end of Summer so the market can look better before midterm election. Only guessing, or a meltdown may happen in the Fall or Winter.
ethtej24
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Do you have limit orders to buy or sell SPY?
premiumtheta
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@ethtej24, +1 this person does not seem to posting positions and strange post compared to the others like they have nothing to say for this week. the preferable quality posts do not get caught up in snark and egoism ahah. and are nice to see when they take a rational approach. good luck with your endeavours mate!
UnknownUnicorn32969573
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after 380, whats the next key level on spy ? 375 ? @Steversteves
Steversteves
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@lavontakeyamon, Not sure about like support or resistance levels, but time series modelling is printing 371 as the next target within the next week.
UnknownUnicorn32969573
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@Steversteves, consequently i expect the 383 retest tomorrow since we didnt get it today ..... if this level holds, spy is going towards 400
Steversteves
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@lavontakeyamon, Well, 400 would be nice. I need to start re-scaling in short. And ideally I would like my entries to be over 400 but I would accept 400 if we can get it.