Hey all! Just wanted to give some insight to the SPY for a chance.
We definitely are following an Elliot Wave pattern pretty closely and even with tensions US China wise, we are still in Bull Territory.
Will it correct soon? We'll have to see if there is a resurgence vs. if there is a vaccine before that occurs.
Tuesday will show an area of short Call territory before we really find out which direction SPY will go as it wedges into Holiday territory and Summer positivity.
There's also some good info on 2018 comparatively when looking at both crashes and their recovery time. On this chart you'll see that 70 days is my estimate on recovery based on average crash data.
Robinhood and a lot of consumer level trading apps have been helping Bulls really push the market up along with the Fed. Why wouldn't you put your stimulus check in the most volatile time of our lifetime?
Give a follow so we can grow together? Any comments? Feel free to chat :)
We definitely are following an Elliot Wave pattern pretty closely and even with tensions US China wise, we are still in Bull Territory.
Will it correct soon? We'll have to see if there is a resurgence vs. if there is a vaccine before that occurs.
Tuesday will show an area of short Call territory before we really find out which direction SPY will go as it wedges into Holiday territory and Summer positivity.
There's also some good info on 2018 comparatively when looking at both crashes and their recovery time. On this chart you'll see that 70 days is my estimate on recovery based on average crash data.
Robinhood and a lot of consumer level trading apps have been helping Bulls really push the market up along with the Fed. Why wouldn't you put your stimulus check in the most volatile time of our lifetime?
Give a follow so we can grow together? Any comments? Feel free to chat :)