
Jonh.
54 posts









Relief rally on $SPY to start the week. But here’s the problem… Every move is getting rejected at the daily fair value range. My expectation: rejection between $676 → $684. If this downtrend actually breaks… then we can start talking about a real bottom ✅



$SPY It’s all about oil now. I want spy to fill the 675 gap, and oil to hold the 92 support. If that happens spy will start dropping again. My main concern in this spy puts trade is the head & shoulders in the oil chart. If it plays out it’ll take it under 90 and spy will rally hard. The small position I opened yesterday is down about -16% today, I’ll size more into this trade at 675 as I said yesterday. Let’s see if we get it though. The main target is 660 and the extended target is 656.













