SPX possibly finishing wave B
Updated
We will probably rip a few points higher before we see Wave C come into play. If we get there off these major key resistances 3920-50 should get faded to complete the previous wave. We are already overextended by bad catalysts and hawkish CPI numbers this week. There will be a few fed speakers next week and hopefully, Powell sends this shit back down as there are crazy amounts of dumb money, seems like a liquidity grab from major institutions/whales as they have done these before a FOMC meeting in the past. Opposingly if we do reach 4000 there will be maximum pain for the bears. We are at the .382 retracement so if this is correct we should have a reversal to the downside 3750-3700.
Trade active
In the 1/13 SPY 375 Puts @1.80 (Small)Note
ADDED 1/13 SPY 375 Puts @0.8 (DCA)
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