Strong Bearish Trend on SPY for Now, Back to $375?
Updated
Ya boy just got approved for same day expiration options. Debating if I only want to play when SPY touches my yellow trend lines. Playing in the middle is no man's land.
Sold 393/394c 3/3
debating on selling the 390/391c 3/5, will check back on Thursday.
I ain't no gay bear tho, $375 would be the perfect time to get in before SPY breaks $400 in the summer. Corrections happen all the time and are very healthy, we haven't seen shit compared to last June, September, and October.
I thought the $370 dip was kinda scary, but look where we are now. If SPY drops below $375, then I'll reconsider my sexuality.
edit: for anyone looking at my charts, I use a vertical monitor for all my charting. I noticed how dogshit my charts looked when I switched tabs to my horizontal monitor.
Sold 393/394c 3/3
debating on selling the 390/391c 3/5, will check back on Thursday.
I ain't no gay bear tho, $375 would be the perfect time to get in before SPY breaks $400 in the summer. Corrections happen all the time and are very healthy, we haven't seen shit compared to last June, September, and October.
I thought the $370 dip was kinda scary, but look where we are now. If SPY drops below $375, then I'll reconsider my sexuality.
edit: for anyone looking at my charts, I use a vertical monitor for all my charting. I noticed how dogshit my charts looked when I switched tabs to my horizontal monitor.
Note
This reeks of bear shit
Related publications
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.