Strong Bearish Trend on SPY for Now, Back to $375?

2 thg 3, 2021

Ya boy just got approved for same day expiration options. Debating if I only want to play when SPY touches my yellow trend lines. Playing in the middle is no man's land.

Sold 393/394c 3/3

debating on selling the 390/391c 3/5, will check back on Thursday.

I ain't no gay bear tho, $375 would be the perfect time to get in before SPY breaks $400 in the summer. Corrections happen all the time and are very healthy, we haven't seen shit compared to last June, September, and October.

I thought the $370 dip was kinda scary, but look where we are now. If SPY drops below $375, then I'll reconsider my sexuality.

edit: for anyone looking at my charts, I use a vertical monitor for all my charting. I noticed how dogshit my charts looked when I switched tabs to my horizontal monitor.

4 thg 3, 2021

Ghi chú

This reeks of bear shit