SPDR S&P 500 (SPY): Could see it today or tomorrow.....just...

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learningthetruth

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learningthetruth

Re: learningthetruth post# 360411

Thursday, 08/04/2022 1:44:28 PM

Thursday, August 04, 2022 1:44:28 PM

Could see it today or tomorrow.....just waiting for the top to go heavy SPY puts...

Agree with WU.........heavy today and not worth it to capture the last of this up move. But squeeze last bears and lure in last retail/funds and fomo chasers is possible EOD today and tomorrow......will wait until tomorrow or break/hold/close below 4135.

4135 RED LINE==THE THEORETICAL MINIMUM TARGET FOR THIS upward move from 3636 should be 4160--SPX hit 4168 yesterday. Although the better range would be 4200-4220, the cycle is REALLY NEAR for a MAJOR TURN. So, I won't chase the last 40 points gain for a potential 400 points loss. https://t.co/BBWHGadgnJ pic.twitter.com/pIMTHOlBRJ
— Master WU (@MasterPandaWu) August 4, 2022

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