SPYvsGME

To buy or not to buy.

SPYvsGME Cập nhật   
AMEX:SPY   SPDR S&P 500 ETF TRUST
That is the question.

Not much time to analyze because somebody needs to get work done.

I think we're going to see some ups and downs the rest of the week but my expectation is to land right smack where I guessed 2 1/2 weeks ago.

China is persistent and will continue to de-risk their economy.
I think this will eventually cause a snap back / rubber band effect as China and US economies pull apart from each other.

Demand for CPU will continue to be a pivotal factor as employers continue to kick the can down the road.



Bình luận:
really good "buy the dip" yesterday at 4455. Here was a 5 minute chart I was using to follow the morning trading. The pattern points to this mornings actual price of 448.2. Now I just need to learn to trade. I sold my 0DTE calls for a small 30% profit. I need a better strategy for collecting profit.


Several indicators I observed on fintwit that made me change my mind and buy the dip.

Question now is does SPY use 448.2 as support and go right back up to 1.5Y median. A lot of interest in weekly 9/24 450c yesterday.
Bình luận:
big nope on 448.2 becoming support. according to a gamma expert, 50% of SPY gamma is expiring tomorrow.
Bình luận:
attempt #2 at 448.2

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