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WillNixTrading
Dec 17, 2018 8:29 PM

SPY (Fine Line Between Love and Hate) 

SPDR S&P 500 ETF TRUSTArca

Description

Whats up Traders

Total Breakdown . . .

December is slow and low volume, and the bulls just are there to prop up this fizzling market right now.

I think our next major stops are:

255 SPY

and / or

FOMC news release on December 19

If the fed maintains their hawkish stance, be ready for MORE PAIN.if they even hint at dovishness, be ready for a rocket to the MOON. Dont gamble on the move, trade the news bounce!!!! Message me if you have questions.
Comments
BloodSweatBeers
Does the same stance apply when playing options on bank stocks?
WillNixTrading
@BloodSweatBeers, haven’t been looking too much at the bank stocks but I am not very bullish on the XLF. With that said I believe it actually had a good day.
WillNixTrading
@BloodSweatBeers, banks should benefit from rate hikes.
WillNixTrading
I think that’s a noteworthy point you make though. You could play the inverse scenario with the banks.

Hawkish - Rate hike. Bull banks.
Dovish - no rate hike. Bear banks.
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