/u/Accomplished_Olive99's posts in /r/spy
SPY falls sharply after slightly touching the sell zone. The sudden instability may be due to profit-taking and escalating geopolitical tension risk, resulting in heavier selling pressure. SPY has zero support in its current direction and is expected to fall further.
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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 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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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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