Sitting at the edge of a cliff
Shared this in my video:
To sum up for SPY, we are currently sitting at the edge of a cliff based on weekly chart, daily chart and even the VIX. We could fall anytime with a slight push. Therefore, if I am a bull, I will be very cautious, be it holding on to calls or chasing the upside.
As for the upcoming week, I think SPY should likely move around a tight range, probably around 393 to 400 ish.
I could be wrong for the last sentence as SPY is sitting right at 393![]()
To sum up for SPY, we are currently sitting at the edge of a cliff based on weekly chart, daily chart and even the VIX. We could fall anytime with a slight push. Therefore, if I am a bull, I will be very cautious, be it holding on to calls or chasing the upside.
As for the upcoming week, I think SPY should likely move around a tight range, probably around 393 to 400 ish.
I could be wrong for the last sentence as SPY is sitting right at 393
From YouTube
$SPDR S&P 500 ETF(SPY.US$ $S&P 500 Index(.SPX.US$ $USD(USDindex.FX$ $E-mini S&P 500 Futures(JUN4)(ESmain.US$ $E-mini Dow Futures(JUN4)(YMmain.US$ $Tuttle Capital Short Innovation ETF(SARK.US$ $Direxion Daily S&P 500 Bear 3X Shares ETF(SPXS.US$ $Advanced Micro Devices(AMD.US$ $Bank of America(BAC.US$ $iShares 20+ Year Treasury Bond ETF(TLT.US$ $CBOE Volatility S&P 500 Index(.VIX.US$ $Nasdaq(NDAQ.US$ $NASDAQ 100 Index(.NDX.US$
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Successful investing is about managing risk, not avoiding it. DYODD
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Violets : does this video talk about your thoughts around CPI next week? I don't know I just have a feeling like it's going to be up
Cow Moo-neyOP Violets: Yup briefly.
intuitive Jackal_354 : the last time it was up we rallied