SPY: Last week of July

28 Jul 2024

Hey everyone,

Expect a volatile week this week.
This week will be our make or break. It either sets the tone for a crash or a recovery back to an ATH.

The most likely outcome is TBD.

These are just my thoughts and not advice.

Safe trades everyone!

29 Jul 2024

Nota

High prob on the week is 548.
So expect at min to reach this level.

31 Jul 2024

Nota

So now that we have taken out the 548 and some change high prob, will be interesting to see what FOMC does.

Keep in mind we are at the top of the range on ES already so it is a bit concerning.
Will be an observer for today, but will be interesting to see I am sure!

31 Jul 2024

Nota

I am long for the long haul now to SPX's target.
Long QQQ and SPY.

IMO we have bottomed, we didn't retest the 99 target at 537 and support is holding.

On the off chance we break below the 537, then yeah, we would look for the cubic mean in the 520s (current 528), but I just see it as being unlikely.

I won't update on SPY anymore because there is nothing more to say until we hit the target.

Good luck!

31 Jul 2024

Nota

for your reference