Gotta love ZERO Risk Short SP 500 = $$$$
- Thread starter Spectre2007
- Start date
There'll be a reset of the 20xx area but I'm pretty sure we're not going to be seeing 2100+ record highs.
If new highs come it will just be an even bigger opportunity to short it all the way down....
I'll take new highs...I have plenty of cash waiting to get short again and again
This sounds like a boyhood dare to the market....i don't think the market cares tbh.
You betting on something that's highly uncommon, SPX taking previous year lows and previous year highs in the same year.
I see strong resistance around 2020s.
Stay long as long as it stays above 1950.
The bigger hand will only let it drop when it suits it.
I'd say pretty good odds of the Friday employment report...It would fit pretty well with the time cycles, etc of major swing highs/lows and it also falls in line with Oct, Nov, Jan, Feb, etc, etc...
If I had to guess SPY tags 200, IWM 107 and then it breaks for a bit...the structure of this rally has been so similar to Oct...notice that the reversals off of key resistance are very choppy intra-day and barely tag the previous support before massive moves higher ensue (plus the everpresent overnight buying ensues)...IOW, shorts can never hold for more than a few hours and better be glued to their seats because the window of opportunity to cover is always very very small.
If I had to guess SPY tags 200, IWM 107 and then it breaks for a bit...the structure of this rally has been so similar to Oct...notice that the reversals off of key resistance are very choppy intra-day and barely tag the previous support before massive moves higher ensue (plus the everpresent overnight buying ensues)...IOW, shorts can never hold for more than a few hours and better be glued to their seats because the window of opportunity to cover is always very very small.