Introduction:
In recent news, renowned investor Michael Burry has made waves by executing a massive short of the SPY (S&P 500 ETF) and QQQ (Nasdaq 100 ETF). Burry's move has garnered significant attention, raising concerns about the future performance of these major USA stock market ETFs. This article aims to provide traders with a cautious analysis of the...
On the weekly chart SPY is close to some resistance pitchfork lines and the RSI is approximately in divergence with the price (the price high although lower then the earlier high it's still high relative to how the RSI high is in relation to the earlier one). On the daily chart the price is close to resistance pitchfork lines and the the RSI reached a resistance...
Please do your DD this is not a financial advice.
The current market crash and bounce seems to be rhyming with the 2000 crash. If you saw my AAPL(attached below) idea, you will see that I believe this is the case and we are going through 2000 crash and eventually 2008 (in about 8 years) deleveraging again. With the CPI and unemployment data out of the way, there...
This is what I see if/when the recession kicks in completely and we reach that 2008 recession bear market. 50% pullback still leaves about 30% or so left from here to the downside.
Hey there friends!
As you can see, I have two resistance trendlines plotted. Both historically have been respected very reasonably. On top of this, id like to mention that my software that signals weakness in the market has been triggered. Although it doesnt 100% predict the absolute top, it does show where weakness is and you can see how it has preformed in the...
This is my trading strategy for March 16th, 2022 on the next FOMC meeting. Using inverse 3 x etf is like doing options without options. They track opposite of whatever it is they track. In this case the SPXU does the exact opposite of the SPY S&P 500 ETF .. The spy tracks the S&P 500 markets.
So I'm setting up a position on morning opening day of March 16th,...
I hope that never happens. If it reaches a high point within 2-3 weeks. What will happen to the Nasdaq? Do you know about the rate T of stock prices. There is a speed in the stock price tends to rise and fall at a time. Even if the index reaches a high point, it waits for friends who have not yet reached it, and then falls with their hands in their hands. Let's...
A ~25% decline from here should be rather quick and uneventful. However, such a decline is likely to be just the first leg on a long road to a full ~70% decline by the end of this full cycle. - Which would be nothing more than a garden variety return to the Historic Norm ! The same goes for all US Indexes and those who are historically informed (or reviewed...
SPY looks like it needs a little stop
Strategy :
Opening up position : 1/3 of full wanted position size puts
Determine the RR that you want and choose your SL
SPY Market Breakdown - July 1st, 2020
1H chart of SPY update from previous post, looks like it's fighting to regain this upwards channel it was trending in for the last few months.
I said last post that we were losing steam and if we keep getting more and more 2nd wave corona news I could see $280 puts.
Well no bias here, saw JP on Bloomberg news this...
