SPY flat till finalize the news tmrw in London… well that’s like 5 hrs so we’ll see some late night action more than likely. I’m bullish. But the job reports came in good and that leaves Feds hawkish on rates and stocks look bad. 10 million in bond buy backs from the government. This market will swing this week. Baba and look for the Hims setup…. This stock has 35% short float and borrow rate of 1.2 days but the rate is low and the stock keeps growing….. could be another you Know what in the making if the market is all the way bullish.
SPY im expecting a slow trickle down through Wednesday and a larger selloff occurring Thursday and Friday. I'll be dropping puts by then and looking to add calls the following week
SPY not really too bothered. Futures already down. I'd written off my calls in my head already beforehand, cos i suspected the Bones curse would strike. But none of that is important. The only thing that is important is finding an edge. So thats what i'll be working on always. Once i find it, its go time.
SPY Make or break this week. P&F chart shows we are retesting the upper trend line, which was already broken with a false breakout at ATH. Last week’s PA (especially Friday) looked like a bull trap to me but if we continue to break higher (preferably with volume in harmony) I will be forced to abandon my bearish outlook. All eyes on yields, the dollar, and gold.