08-22-2022, 09:59 PM
SPY to $325 in 60 Days - Short Everything
<!-- SC_OFF --><div class="md"><p><a href="https://youtu.be/WeeNpwQ713I">https://youtu.be/WeeNpwQ713I</a></p> <p>I’ve been trading for years and have also stuck to longer timeframes trades , generally on the daily or weekly</p> <p>We have reached a point of a perfect short on SPY known as divergence</p> <p>Where we have a confirmed 3rd touch on trend and a divergence on the stochastic letting us know that we are too “overbought” to keep it simple</p> <p>The same thing happened back in Jan for our first major drop of $470 to $420</p> <p>Then again on March where we went from $460 to $385</p> <p>And now again at $430 where target would be between the range of $324-$365</p> <p>Real target would actually be $325 looking at market structure and comparing the recent drops from high trend touches</p> <p>I’m out of all positions on my account and have switch to MARA and SPY Puts</p> <p>MARA $15 Puts for October SPY $420 Oct Puts and $430 Nov Puts</p> <p>Will be buying more Puts on SPY for late October Sometime this upcoming week</p> <p>TL;DR SPY go poopy bye bye</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/rawrtherapybackup"> /u/rawrtherapybackup </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/wv13rx/spy_to_325_in_60_days_short_everything/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/wv13rx/spy_to_325_in_60_days_short_everything/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p><a href="https://youtu.be/WeeNpwQ713I">https://youtu.be/WeeNpwQ713I</a></p> <p>I’ve been trading for years and have also stuck to longer timeframes trades , generally on the daily or weekly</p> <p>We have reached a point of a perfect short on SPY known as divergence</p> <p>Where we have a confirmed 3rd touch on trend and a divergence on the stochastic letting us know that we are too “overbought” to keep it simple</p> <p>The same thing happened back in Jan for our first major drop of $470 to $420</p> <p>Then again on March where we went from $460 to $385</p> <p>And now again at $430 where target would be between the range of $324-$365</p> <p>Real target would actually be $325 looking at market structure and comparing the recent drops from high trend touches</p> <p>I’m out of all positions on my account and have switch to MARA and SPY Puts</p> <p>MARA $15 Puts for October SPY $420 Oct Puts and $430 Nov Puts</p> <p>Will be buying more Puts on SPY for late October Sometime this upcoming week</p> <p>TL;DR SPY go poopy bye bye</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/rawrtherapybackup"> /u/rawrtherapybackup </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/wv13rx/spy_to_325_in_60_days_short_everything/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/wv13rx/spy_to_325_in_60_days_short_everything/">[comments]</a></span>