SPY SPX500, "All roads lead to the Rome" - Could it be ?
Sorry Guys,
The price action change in spy is making me dizzy. I am bearly surviving these days due to the sideways action. I think banks twigged the fib just a little bit so that its hard to profit for a couple of days, the SPY is trading like a Btch. Respect to those who are trading this market.
After staring at the chart for hours, there is something about 268.3 level that makes me very short-term bearish on SPY. The only way to be profitable right now is not to trade until we get a clear direction or hold 275 September Calls and avg. it out at every dip. I think I will start doing this instead of chasing for quick 60-200%s
This is going to be my primary model for May-June I am still not sure about the momentum at this point but the targets are clear.
Best Regards
The price action change in spy is making me dizzy. I am bearly surviving these days due to the sideways action. I think banks twigged the fib just a little bit so that its hard to profit for a couple of days, the SPY is trading like a Btch. Respect to those who are trading this market.
After staring at the chart for hours, there is something about 268.3 level that makes me very short-term bearish on SPY. The only way to be profitable right now is not to trade until we get a clear direction or hold 275 September Calls and avg. it out at every dip. I think I will start doing this instead of chasing for quick 60-200%s
This is going to be my primary model for May-June I am still not sure about the momentum at this point but the targets are clear.
Best Regards
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well red on spy and amzn!
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