Quick Idea for SPY: - 50 DMA offers a quality stop long. - Looking for Right shoulder/DCH. - There is weakness in dominant cycle, but looking for a Daily Cycle High before OpEx (markets tend to rally right before Quad witching).
Not expecting the dip buyers to let this support break so easily, without at least 1 bounce. We could get punished for going against our macro view, but the market presents an opportunity.
@Schmitty69, I hear you but early bears get squeezed hard/often. Lots of tradable bounces currently as bulls refuse to give up the ghost and they will BTFD at least for a bit longer...
Schmitty69
⋅
@Akksujean, I've been a bear since february. Proper short is slow continous adds and not allowing the squeeze. ETF's & ETP's make it easy to short without getting squeezed. Go crazy buying dude I dont care. I got vol calls till January.
wolffarchitecture
⋅
Nice tend analysis,
Would ,like to learn more about the "Quad witching".