Gapped up. Looking to form the triple top at 260-63 range. Then we begin the slide down to sub 200 levels this week. Get your put options ready once it touches 260.
Bulls losing steam already.. That might be it.. needs a strong move above 260 to convince me its got a shot to go any higher. right now, a move towards 254 seems imminent. (unless we get some promising medical news out of nowhere (regeneron)
Okay SPY Decided to push up a bit.. I really think the triple top here is a no brainer with the fall after. I am thinking it gets up towards 263 early afternoon, then the massive selloffs to end the day..
What do you think happens next..........duh
263 tested.. and rejected.. right on schedule. Afternoon sell offs begin around 3pm. Be ready..
Went higher than i thought it could.. We will see what the futures have to say about this tomorrow. Still think the break down is in play here. A hold over night above 263 might mean we are in for more gains. Honestly cannot imagine we have hit any sort of a bottom yet.
Bought PUT options with this pump for end of May at 225, 215, 205, and 195
Some nay sayers are really saying we are going back to SPY 300s. REALLY? Are we just going back to inflated EPS and pretend that the entire world isn't shut down and US unemployment isn't at 10m+? The virus isn't going away and even if we came up with a vaccine today, SPY at 270 is still too high
MMM..Friday shorts created the rally-did you ever consider that we had Friday short-sellers into the weekend..? and they covered all day in panic keeping this thing in the GREEN.. You will have sellers after 10:30 AM.. and go sideways rest of day.. that gap will be filled sooner or later .. I am bearish either way but still would go long Thursday to 3 day weekend.. good news can break again..and shorts will cover again