SPY Forecast for 2022 and beyond - New Lower shelf to build

I AM NOT A FINANCIAL ADVISOR
we're now forming FROM a secondary lower shelf from the new low that was established in march 2 2022
The lower shelf will form the basis of support
build up the market from a corrected level
watch the bottom touches. exceess liquidity has dried up so be careful.
likely the pump is from the shorters who are planning to raise a "second round"
the sky is the limit as they print a ton of worthless puts to sell.
this put selling is how they are raising extra liquidity and used to pump the market. Its a vicious cycle of pump green, but know the source, its the wolf.
OUTLOOK: Neutral
Potential trading vehicles: Butterfly centered around 435 for November 2022
I AM NOT A FINANCIAL ADVISOR
we're now forming FROM a secondary lower shelf from the new low that was established in march 2 2022
The lower shelf will form the basis of support
build up the market from a corrected level
watch the bottom touches. exceess liquidity has dried up so be careful.
likely the pump is from the shorters who are planning to raise a "second round"
the sky is the limit as they print a ton of worthless puts to sell.
this put selling is how they are raising extra liquidity and used to pump the market. Its a vicious cycle of pump green, but know the source, its the wolf.
OUTLOOK: Neutral
Potential trading vehicles: Butterfly centered around 435 for November 2022
I AM NOT A FINANCIAL ADVISOR
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.