$SPY top?
Updated
I think 
SPY has seen the highs for the year and is starting the process of rolling over. I think people like Tom Lee calling for new highs on the year are about to get humbled.
I think we're going to go lower than last year, the question really is how low do we go?
My bets would be the bottom is under $300. $270 looks like a good place to bid (a 40% drop from here)
SPY has seen the highs for the year and is starting the process of rolling over. I think people like Tom Lee calling for new highs on the year are about to get humbled.I think we're going to go lower than last year, the question really is how low do we go?
My bets would be the bottom is under $300. $270 looks like a good place to bid (a 40% drop from here)
Note
Note there is the possibility of one more fake out move higher to $446.68, if that happens and it can't close above that level, top is in.Note
Got the move to $446 - took puts in the $406-407 range. Now let's see if we get the fake out move higher.Note
Alright, thinking we get the reversal here into next week.Note
Now underneath top resistance. Targets below will help guide you throughout the next 6-9 months.
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