SPY has bounced off the 1.61 and is inside a possible 1.26 rejection.
Clean breaks of a 1.61 like this tend towards big fast drops to the next fibs.
Often this zone will then hold a retest. Big area for SPY. If this isn't support, bad things are likely.
Clean breaks of a 1.61 like this tend towards big fast drops to the next fibs.
Often this zone will then hold a retest. Big area for SPY. If this isn't support, bad things are likely.
Trade active
Picked up lotto bets on this into this spike. While SPX was a bit over 5700 Note
Added some more on the possible bat. Note
Taking 550 stikes for Monday and lower for end of next week. Note
This one could be a butterfly. Trade closed: target reached
Targets hit.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.