SPDR S&P 500 (SPY)

[gumbie05]

That sounds like an interesting strategy. I’m definitely not a novice at this as I’ve been trading for nearly 30 years of which my best years were 2000, 2008, 2012, and 2023 (last year). That’s why I mentioned that these patterns look very similar although they only come around once every couple years (or a decade) and the idea is to keep poking at it near their respective tops why protecting yourself then capturing a big swing downwards when it starts to go your way. Made enough $$$$ on each one of these to make decent play $$$$ for a couple of years afterwards while staying out of the market for a while.

- JMHO