SPY at 400, close bearish and go bullish

May 6, 2022

Putting this out a head of time. So you can get your plan ready to go. As the SPY gets to 400, close bearish positions and go bullish. The 400 price level will fill the open gap from April 2021, and a target I have planned for since December. I'd imagine the VIX will also be spiking. I will be picking up Sep '22 430 calls, as I expect we will have a bounce that lasts probably 2 months. I will have more analysis in my weekly outlook YouTube video later today. Good luck traders.

May 9, 2022

Note

Welp, we finally just filled the gap from Apr '21. Closed bearish and picked up bullish positions for 4-6 weeks bounce.