SPY: Thoughts

8 Feb

Just my thoughts.

Not a very involved analysis this week because I honestly feel like for once in maybe 2 years the chart is pretty clear on SPY haha.

Not advice!

Have a great weekend and a great trading week :-).

10 Feb

Nota

Looks like the bullish probability decided to show up ahead of schedule (I didn't expect this till Tuesday).

If it keeps up then we are breaking out without a re-test of the bottom of the pennant. But we'll see what happens.

Either way I am long on ES1!.

There is an alternative that did not show up in the projections but it is a possibility, we just remove all bullish targets first and then head down. Its a possibility, but I wouldn't hold my breath lol.

Safe trades to all!

Safe trades to all!

10 Feb

Nota

And position closed.
It rallied pretty hard right away.
SPY intraday doesn't look too promising so we probably still go down first despite this little rally.

Be cautious and trade safe!

13 Feb

Nota

Spy rejecting the top of the pennant again.
Not sure if it goes down to the bottom and then up or we just breakout into tomorrow.

Let's see.
No position as of now.

13 Feb

Nota

Monthly high prob target removed.
You see? This is why I didn't bother sharing the weekly levels. This was the target to wait for.
Let's see if we hit the next one at 612 (annual target).

15 Feb

Nota

Hey guys,
I am not updating on SPY for next week.
I will update when the projections show something different than just "up".
As of now its just showing "up" and I am done with this one direction dumpster-fire, garbage.

Look for the annual high prob target at 612.

Otherwise I'm boycotting this for my own sanity. I can't even bring myself to trade it anymore. Its so devoid of reality that it makes me sick. Thankfully, the rest of the market retains some semblence of rationality, its just somehow the S&P miraculously manages to grind up, even though its supposed to track the actual market? lol, make it make sense.

Safe trades!

22 Feb

Nota

Hey guys!
I will be back with a new idea for next week, so stay tuned!