Spy short 3-8% correction or New Bear Market

New Thread

ok everyone our levels for April 21st are

Bulls calls over 502.50
price target 504-505 max508 maybe unlikely wouldn't count to much on the upside targets

Bears short everything under 502
price targets 495-490-485 and as low as 480 this week

my scenario playing out this week is a range 488-500 max this is what I anticipate the week forecast stuck in a range before moving lower in MAY.

Kommentera:

be very careful cautious with calls I do think we are overdue for a bounce but I don't think we really see a dead cat bounce / relief rally till 480-485ish

Kommentera:

hope you guys are all making money!!!

(Live will be coming soon)

Kommentera:

if we break 499
496 is the next target

Kommentera:

Kommentera:

so beautiful

Kommentera:

put holders overnight we don't want this price to have bounced like this 499-500 bulls are fighting to keep it up just have caution

Kommentera:

we want to close 499-498

Kommentera:

to possibly open up 496 tomorrow

Kommentera:

looks like we are doing a good job

Kommentera:

same levels apply for Tuesday's trading day, it is possible at some point to see 505 short term Tuesday-Wednesday

Bulls calls above 502 to 503-504-505 (508max which i see unlikely unless its squeezed up

Bears short anything under 502 -496-495-490 as low as 485

Kommentera:

I'm thinking if we don't get past 502 premarket this is coming down hard

Kommentera:

Kommentera:

Kommentera:

safe zone to load up on heavy puts

Kommentera:

Goodluck

Kommentera:

lets gooo
watch the bears come alive right here

Kommentera:

i suspect a big drop incoming

Kommentera:

bulls if you get above 509 and close bulls regain control of this market

bears hold tight see what happens in premarket if we stay under508ish this can come crashing down very fast this week

Kommentera:

im calling 502 in a few hours

Kommentera:

Kommentera:

so far so good

Kommentera:

we broke the bullish daily trend
today is bearish

i will let you know once we break back into bearish long term trend
correction or bear market
only time will tell

Kommentera:

for us to take over long term trend we need to break 500

Kommentera:

this definitely has potential to reverse hard to downside

Kommentera:

games burning premium bulls/bears

Kommentera:

now its on its way to retests 404.50
this is aggravating

Kommentera:

burnt so much premium

Kommentera:

if we break 504.50 we will see 502ish today

Kommentera:

under vwap i suspect if does not get over vwap its downhill from here

Kommentera:

i told you we would see 502ish lol afterhours

wow I'm about to print these shorts lol

Kommentera:

definitely see no big bounce i figure we test 495 before 491

Kommentera:

Kommentera:

if the bulls don't do anything here slow grind down today

Kommentera:

and we are bk in either
a 3-8 correction or bear market downtrend only time will tell if its a bear market

Kommentera:

how is everyone doing with there trading

Kommentera:

ohh boy breaking bullish

Kommentera:

above 500 bulls trying to take control

Kommentera:

calls above 500 if it closes 15mins

Kommentera:

i suspect it will run to 503

Kommentera:

short term put holders might want to exit 15mins or so and just reinter at higher price

Kommentera:

i would enter again accumulate 503ish

Kommentera:

good chance we see 503

Kommentera:

wait hold

Kommentera:

it might not goo

Kommentera:

10 mins ill give u a answer

Kommentera:

might be a false breakout

Kommentera:

i would release short term puts buy them bk at 503

Kommentera:

i think we get rejected hard at 503

Kommentera:

Kommentera:

follow chart

Kommentera:

would load heavy at 503 puts

Kommentera:

loading up on puts

Kommentera:

Kommentera:

so far so good!!
Rember take profits on puts if they are short expiring today or tomorrow expirations
already up 48% on mine expiring tomorrow selling them 501.40

Kommentera:

fyi price could go to 500 or lower just don't want to be greedy

Kommentera:

selling my short term puts for 60% lets gooooooo

Kommentera:

just created for you guys hope you all take advantage of it

Kommentera:

this is for the traders that want to learn how make this as a supplementary income to full time gig and achieve financial freedom
charts that i don't post on trading view only subscribers!!! Will be live trading as well on here 5 days a week

Kommentera:

if we don't break 504 I'm entering shorts again 3 days

Kommentera:

kick.com/JoeWtrades

Kommentera:

opportunities to get in shorts??? a week out

Kommentera:

Kommentera:

Kommentera:

kick.com/JoeWtrades

Kommentera:

chop day maybe grab puts before close for 2 weeks out goodluck

Kommentera:

I'm anticipating possibly below 500 this week!!! We have a big week with rate decisions we are still bearish neutral! This week and monthly close should give off enough info to see if we are still in a correction, bear market or bull run bk on!! I will also update Sunday 8pm pacific time

Subscribe only) below for live trading
kick.com/JoeWtrades

Kommentera:

i would be accumulating shorts here

Kommentera:

Kommentera:

Kommentera:

Kommentera:

Kommentera:

subscribe now for live trades
kick.com/JoeWtrades

Kommentera: