feel like a good week ahead of us
SPY
- Thread starter Phill Twist
- Start date
Come on shorts! You seriously getting excited about red futures after today. Tomorrow guaranteed DOW will see +100 at some point.
Market was already in a downtrend before this BS with North Korea.... having hedges right now would be smart.
Never ending rally never ends.
Markets been bearish since March 1st but if you used that to gauge when to buy stocks, missed some great opportunities.
Price is above 20 MA, if it gets above 50 MA and 20 MA crosses up 50 MA with price above will see a good pop.
I do not expect this to be a sell the news event. Not a buy either. Slow grind higher this week and sell into strength.
I promise when big down move happens majority won’t have puts or be short. It will catch everyone off guard when things look fine.
There is too much worry in the markets for it to tank. Not even close to irrational exuberance yet, not even close.