$SPY - 2nd Thoughts......... Shit

Aug 2, 2018

I literally have put orders saved & was waiting for price to hit $280.85, literally was about to be my entry but I just have too many doubts. Don't get me wrong, I've been hella bearish lately (ESPECIALLY, banks) - but this one isn't adding up to me. XLY0 looked like a setup until the tariff announcement yesterday, so excuse MY gut feeling but I think there's just too many people tryna hop on the bear side of the court all @ the wrong time. 100,000% of the setups I've seen just in the past week w/ earnings, the bullish +7% plays through choppy price action is almost as surprising as some of the -10% or -20% straight b.e.a.t.i.n.g.s, but this just, idk. I think $284 is coming back to bring the FAANG band back together for the rest of this / next week. We'll see, but the ghost feed is just a guesstimate pattern that I'd have to see to get short / puts without being hesitant. Update to my old post, so the red lines were my original estimate of when we'd expect a BIG move either direction. Using the 55 (low) MA as a leading indicator, it's about to be curving up. I feel like I just had an epiphany lmao. I don't normally force my opinion on anyone that sees a chart of mine, but seriously, take a 2nd look before going all in looking for a bear market tomorrow.

Old post -

Aug 3, 2018

Note

WELL DAMN I OTTA BROKEN A SWEAT LMAO