SPDR S&P 500 (SPY): looks like ~483 is still temp S for now...

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Re: masterofdisaster post# 380186

Tuesday, 01/23/2024 12:14:38 PM

Tuesday, January 23, 2024 12:14:38 PM

looks like ~483 is still temp S for now
and ~484.25 is temp R.

re: UVXY, it's been a bit random, often sideways lately.
given VIX is calculated from 30-day SPY options,
maybe simply that 30-day traders are uncertain about where SPY will go,
esp amid ongoing risk of ww3 any random grim day?

and that uncertainty favors more strangle/straddle plays
than hedges against equity positions?

99.99% of all pinks are scams. Best to assume the other 0.01% are as well.

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