SPY Short
With CPI coming in hot and the fed having FOMC next week I don't see how they don't raise by 75 BP.
MACD is in a downtrend, as well as the RSI being slightly oversold.
This market is so unpredictable, the problem is its going to take time to see results from the rate hikes. I do believe the fed could over do it.
for resistance and support it looks like 390 is a strong support, while anything above 404 for me would be a bullish sign.
currently have put options that exp 11/18 @ 370 .
Good luck to all ! trade smart
MACD is in a downtrend, as well as the RSI being slightly oversold.
This market is so unpredictable, the problem is its going to take time to see results from the rate hikes. I do believe the fed could over do it.
for resistance and support it looks like 390 is a strong support, while anything above 404 for me would be a bullish sign.
currently have put options that exp 11/18 @ 370 .
Good luck to all ! trade smart
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