Nothing has changed...
Updated
Just ignore the news ..... looking for bad CPI tomorrow but the market will say ouch... possibly a gap down BUT...... well then comes the tricky part or not so tricky.
Note
Not expecting anything dramatic the rest of the day. Drama comes tomorrow. Enjoy guys!Note
Ill just throw up a post up here to answer what seems to be alot of the same questions... surprised how far it came down already. Well, 376 needs to hold. If not, buckle up!Note
It's either a gap down tomorrow or up. Place your bets.. Everything is at a key level. I knew 376 was coming but was expecting it to hold (for now). No position currently in SPY. I am all out. I will let this play out before going back in. We break down, I will get long after we do the drop. We go up.. I am patiently waiting for my short position which I will be patient for and think it wont be till next week.Note
I would be careful being short here.... there are many reasons for this to move on up from here. Just short term. Trust me, this is a bear market but green shows up in bear markets.Note
Hahahaa.. I am cracking myself up.. I just looked at one other chart for a cross reference and I can see the argument to come down tomorrow to. That actually puts things exactly in the direction I am looking for almost to the dollar for a few months from now. It literally is a toss up.. I see both sides very well, which is why I am out of SPY for now... I have plenty of other stuff still on, I removed the SPY risk and even a little NIO that I have been short since the 23s. Just because there may be better entries. If not, I will make it all back, the opportunity I may miss on some. No big deal. Good luck for those holding into tomorrow! We shall see!
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