Everybody is short. let's go long..
Updated
Beautiful strength at these levels i'm looking for a test of 486'2-8's in the next two weeks... below 474's would have been a problem but we held above as the market makers obviously not going to short when majority of retails are short... Beautiful runs today on 0dte options today... love spy like this...
All in all i'm long to 488's beyond that i'd have to wait to see what the price action is like... 488's is the upper end of horizontal channel booming from crash last year till now and has been very reliable...
All in all i'm long to 488's beyond that i'd have to wait to see what the price action is like... 488's is the upper end of horizontal channel booming from crash last year till now and has been very reliable...
Note
when i say *everybody*, i'm referring to retails.. us smaller sects of traders in the market that are hell bent on falling for ever trap market makers set. above 474's you'd be a gambler to have shorted friday wasn't much of a confirmation.
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