SPDR S&P 500 (SPY): I’ve got some (short sale) orders at 520...

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Thursday, 05/09/2024 11:11:30 AM

Thursday, May 09, 2024 11:11:30 AM

I’ve got some (short sale) orders at 520 and up to add to my overall position …beautiful setup coming up! Nice topping pattern as the DXY continues its sell off and downtrend. Recent employment numbers (reports) all indicating to a weakness in the economy with no let up in inflation = stagflation. This is the story for the first half of the year then Reality will set in as the Summer unfolds heading into the Fall and the elections. This is a once in a 15-20 year opportunity….We’ll see

- JMHO

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