/r/spy
SPY BOUNCES FROM THE CALL MADE YESTURDAY REMAINS UNSTABLE BUT HOLDING IN AN OVERSOLD POSTION. V-SHAPE RECOVERY FORMING AS A MAJORITY OF US EQUITIES ARE HEAVILY DISCOUNTED. NEXT COUPLE DAYS ARE CRITICAL.
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SPY PULLS AHEAD STRENGHTENS HITTING RESISTANCE AREA WERE BEARS MY ATTEMPT TO REENTER. BREAKING HIGHER HERE CONFIRMS STABILITY. OUR CALL WAS SPOT ON. REUTERS NEWS ON THE OTHER HAND HAS NO CLUE WHICH DIRECTION COMPLETE FUMBLE REPORTING. CROMCALL CARRIES THE TRADE.
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SPY FINDS STABILITY ABOVE THE BUY ZONE SETTLING AT-0.70 A MAJORITY OF BUYERS ARE POSTIONING AT OR BELOW -0.80 MONDAY WAITING TO ATTEMPT A TURN AROUND. SPY SOLD OFF AS EXPECTED PURE TECHNICAL SELLING. FINAL PUSH DOWN IS NEEDED THE BIGGER THE BETTER BEFORE BULLS REACTIVATE.
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