SPDR S&P 500 ETF TRUSTPanjang
SPY LONG MEGA SQUEEZE POTENTIAL
Mega fear in the markets with every Tom, Dick and Harry calling for recession.
Sentiment is leaning incredibly bearish and with SPY coming down to the 2nd of September 2020 high at 358.75, we could see it act as support to squeeze shorts after slipping below and trapping everyone.
Reclaim and push above would be incredibly bullish and set it up for next week. ALSO, big big volume on this break. Would love to see this make a reclaim in afterhours for turbo trapping. Looking for something like purple to play out.
Sentiment is leaning incredibly bearish and with SPY coming down to the 2nd of September 2020 high at 358.75, we could see it act as support to squeeze shorts after slipping below and trapping everyone.
Reclaim and push above would be incredibly bullish and set it up for next week. ALSO, big big volume on this break. Would love to see this make a reclaim in afterhours for turbo trapping. Looking for something like purple to play out.
Losers small winners bigly
Penafian
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