.SPX: How Long the Rally Can Continues?
Hello everyone! Today i want to share some technical analysis with you!
1.
$SPDR S&P 500 ETF Trust(SPY)$ 75+ pts up after hitting the low at 6794.
Still hold SPY 2/13 685 calls bought near the low of day, more than doubled [just want to show those doubter and trolls, "a perma-bear" can be bullish too]
Will re-enter 2/20 SPY 685 puts if the rally reaches 6900 by the end of day.
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2.
A kind reminder: the current setup may lead to a "Black Tuesday": $S&P 500(.SPX)$
1, Solar Eclipse on Monday [violent moves]
2. long weekend with President Day, when President may do sth drastic.
3, ready for a large 3rd wave--normally with LARGE gap-down.
4, the pattern is almost PERFECT.
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