SPY WEAK SAUCE

7 Ara 2022

This week is straight down sell everything so far no relief bounce at all today. I really thought bulls would step in today I was wrong, I might have to get back on that bear porn again lol. This Fridays PPI will be very important it measure what wholesale prices businesses are paying so if we see the number go down it’s good for consumers so wait and see. Bank CEOs were out talking today and pushing the doom and gloom for next year downgrading stocks and there expectations for 2023. Is the Christmas rally over before it started? Is it the tax harvesting that rich people do that’s killing the vibe or is it reality setting in. Who knows but 4 straight days of red we should get a break tomorrow if not we break 390 and well we know what happens once that breaks. Keep an eye on the dollar it’s getting some legs again. Fibs are there so you can wait for a pullback to buy more puts at 398 or a 50% retracement at 400
As always trade what’s in front of you good luck