SPY One guy messaged me and said he's gonna join me and post his account balance daily so he cant lie anymore. The dummy must've changed his mind cos he changed his name and thinks i wont know. Not when you private message me, my guy. The name change comes up.
SPY I created a resistance trendline from the December sell-off and the January sell off and it seems like the low 630s are our limit, If SPY starts acting weird at around 630, I'm going to short.
SPY Firecrackers and BBB update: The “no tax on overtime” is political window dressing. You still get taxed on OT in your paycheck, then maybe deduct it at tax time — up to $12,500 — if you qualify. It’s not a tax break, it’s a delayed pat on the head. Reality check.
SPY 13 trades this week with several different stocks/ETFs and only 1 loss. Not a huge chunk of money, but gains none the less. As a new trader with 5 months experience now, im still focused on consistently. Larger wins will come with time.
SPY Cathy Woods at ARK INVEST thinks housing prices have to come down because of the higher rates. The NEED for shorting cities starts to grow as will the protocol PARCL. At PARCL you can long/short cities even with margins. Ticker: PRCLUSD. Always do your research and your own descions. This is not a financial advise PRCLUSD
SPY reversal indicator is goin nuts. Here are some key higher timeframe volume profile levels to mark and watch for if things start dropping. 615-619 June 30th and July 1st range 611.50 Closing volume spike on the 26th and bottom of the spike down on the 27th 607.00 24th and 25th consolidation 596-603 Early June volume 589-591 Late may
For new traders: Each of these is a great spot to expect a bounce because people who shorted here are underwater and looking to close out for breakeven. They do that by buying. So, look through this past month bar by bar and see if there are any spots where a mean reversion trader like me would have gone short. If that lines up with any of these levels, there are a lot of trapped sellers there waiting to get out for scratch.
Howeverm if we clear straight through any of these levels without a bounce, then whoever is selling is either selling enough to fully absorb these people, or they don't see these levels on their chart, which means they're looking at things on higher than the 30 minute chart. In general, if any level break doesn't make sense or seems like a stupid trade, zoom out and it'll make sense.