SPY 3760: More correction to come, 3600 and 3500 as Support
The catalyst would be a change of power and market waking up to the fact the US would be less competitive overall in the world economy for years to come.
Then there is the tired bull that simply needs to rest and mean reversion. In the background though is the massive liquidity created to benefit the market mostly, sadly not so much the little people.
At the current level, the cost of hedging for a correction to 3600 and 3500 is very low. So Put Butterfly and 2ATR IC for some coffee money.
On my shopping list though, in a correction, are GOOGL, AMZN, MSFT, COST, CRM, TWTR, BB, AEP, JPM and etc. Most are very well established companies with monopolistic businesses.
Peace and love to humanity.
Then there is the tired bull that simply needs to rest and mean reversion. In the background though is the massive liquidity created to benefit the market mostly, sadly not so much the little people.
At the current level, the cost of hedging for a correction to 3600 and 3500 is very low. So Put Butterfly and 2ATR IC for some coffee money.
On my shopping list though, in a correction, are GOOGL, AMZN, MSFT, COST, CRM, TWTR, BB, AEP, JPM and etc. Most are very well established companies with monopolistic businesses.
Peace and love to humanity.