SPY: Final thoughts

2 Ağu

Final thoughts on SPY, well not necessarily thoughts but uh, final observations on SPY.

I am leaving SPY alone for a while, taking a break and heading out on vacay.
I'll be back in some weeks and we'll see where SPY is then.

Thanks for watching, I appreciate all of everyone's support and follows.

As always, take care and safe trades!

Correction: At the end I said 420s, I meant 520s!!

2 Ağu

Not

And look at that. It was right.



Shocking I know. xD

5 Ağu

Not

We have bottomed here.
Not sure if its a short term or a long term bottom, but definetly a bottom for the time being, with the most likely outcome of us recovering the entire overnight move by EOW.

I know it sounds crazy but its whats likely and so I figured I would spare some time from vacation to give you that update.

GTLA! Safe trades!

7 Ağu

Not

See, retraced the entire move.

Now free to tank. And it will.

See ya!

7 Ağu

Not

And again, I am sure you see the tanking that happened.
SPY can be read like a book.

What next you may be asking?
508.

See you there!

And safe trades!

13 Ağu

Not

SPY setup to tank tomorrow.
Watch for 528 as an initial weekly target.

13 Ağu

Not

I'm honestly done with SPY for a bit. Its completely irrational and I just don't get joy from watching stupidity at the greatest on 0 volume.

That said, expect 542.

Probably ATH before you know it.

Good luck!

15 Ağu

Not

Hey guys,

I am not sure I will do a final video analysis or not but just didn't want to leave everyone hanging.

My original thesis was correct and I should have kept it at that. Crash, bought back up, snag the SPX high prob.

This is the thesis that is playing out. We had our crash at 10% and now we will likely head up to the high prob for SPX.
We also have a bullish high prob on the month for SPX.

There is no reason to continue analysis on SPY as its just buy the dip until we reach new aths and these targets.

At which point I will update the idea, or post a new idea rather.

Take care and good luck to all!