SPX Well, things are looking pretty grim. Bloody — because we’re seeing one of the biggest weekly declines since the COVID crash in 2020. And dark — because the big question now is when to buy, if at all. This is supposed to be one of the “safe” investments, right? Even the S&P 500 is often used as a benchmark, with its performance metrics — like the Sharpe, Sortino, Omega, Calmar, and Martin ratios — serving as reference points to measure how well an investment performs relative to the risk it carries.
That said, looking purely at the technicals, I see three key zones:
4818 – a level that, if reclaimed, would confirm a new active bullish range.
4200 and 3400 – both appear to be solid discount-buying zones.
The rising channel’s upper boundary has already formed, and now it seems like the lower boundary is in the making. But for now — and by “now” I mean the coming weeks — things remain uncertain. The drop has been massive, and it's probably not the time to act just yet.
SPYSPX I currently have 80 open calls, I think I am gonna close maybe 20 to collect a bit of profit and keep the rest open over the weekend ! Looking back at historical data as well each time VIX has been 45+, take Feb 28 2020, 5 Aug 2024 even dating back to Sep 29 2008 - 3 days later an average max loss as per statistics has been 0.63% and max gain 3.90%. Pretty good ratio imo and we are massively oversold on multiple time frames. Still more downside I believe but a dead cat bounce is due and I’m all in for it ! Have a great weekend gentlemen. Hope everyone makes money !
Remember three things: 1. EU is yet to respond 2. Expect US government retaliation in response to retaliation 3. Interest rates will start rising up in response to inflation.
SPX Well, things are looking pretty grim. Bloody — because we’re seeing one of the biggest weekly declines since the COVID crash in 2020. And dark — because the big question now is when to buy, if at all. This is supposed to be one of the “safe” investments, right? Even the S&P 500 is often used as a benchmark, with its performance metrics — like the Sharpe, Sortino, Omega, Calmar, and Martin ratios — serving as reference points to measure how well an investment performs relative to the risk it carries.
