ContraryTrader

SPY (Short term) 385 this week

Singkat
AMEX:SPY   SPDR S&P 500 ETF TRUST
Spy will come down to 385 this week. This target will brought upon after a drop below 404 which would be the double top conformation.

Now some of you may doubt this significant drop can happen but just look at the Dow Jones and how've they reacted since falling out of their wedge. check out my links and ideas on the Dow.
What moves the The market more than greed? Fear! They half way convince most retailers that Friday's drop was quad witching related😂🤡.

A rising wedge is not a bearish pattern, it is a CORRECTION pattern. 385 this is just the beginning. Some of you to stubborn to sale or to program to buy the dip will lose out significantly but if you can pivot and short this and other bloated stocks(NVDA,ADBE,CRWD,SE,CISCO,ORACLE, VALE,IBM,BANKS) you will make a killing in the next few weeks.

P.S let's all pray Cathie woods

Penafian

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