The fear trade now is that the market chugs higher. Markets love to punish. Short positions are at extreme levels in many stocks.
SPY
- Thread starter Phill Twist
- Start date
$SPX $SPY GIVE A REASON SHORT SELLERS TO HOLD AT LEAST WEEKEND
$SPY Broken Wedge of Your Highness
$SPY THE BEARS HAVE SHOWN A FIGHT
will buy a few weekly out of the money puts near the open. Not a single rally has been able to hold gains.
I've seen far more bullish traders lose money because of the fear of a crash in the markets, versus losing because of a crash. Many opportunities get missed simply because one doesn't have the patience to wait, just one day.
things are escalating quickly with futures and oil but I'm sure it's nothing to worry about.
The S&P 500 closed above the 200 day moving average on Friday which is bullish. The S&P will need to break 2045 to hit a 2016 high.
in all realness here(no spy position) the bull rally is exhausted a bit. Bulls should want a nice pullback to 195 before reloading
100% retraced according to fib, $206.31 = 128% fib, IF this retraces/pullbacks = $202.27 = 38.6% fib = possible bounce to the upside