Confident_Abroad4984
Confident_Abroad4984 OP t1_ixqd853 wrote
Reply to $SPY about to peak at 407.20? by Confident_Abroad4984
I play these with long in the direction I think it’s going on and I sell shorter dates diagonal puts for credits. Relatively low risk.
Confident_Abroad4984 OP t1_ixqcgq8 wrote
Reply to comment by computermademedoit in $SPY about to peak at 407.20? by Confident_Abroad4984
What’s a WSB post without a bold prediction!
The dates used are based on the previous periods and angles in which stocks rose into those tops and then lowered into their bottoms. The market tends to replay patterns and angles with some differences. If they were to match the previous tops and bottoms, then the dates I gave would generally be the top and bottoms.
Confident_Abroad4984 OP t1_ixp2aq0 wrote
Reply to comment by PharmDinvestor in $SPY about to peak at 407.20? by Confident_Abroad4984
Well the Feb fed meeting will occur just days after the bottom here and I’d expect if we are back at 340, the Fed will be either doing 0.25 or potentially even pause - both of which would be big moves upwards off the bottom
Confident_Abroad4984 OP t1_ixn1m4z wrote
Reply to comment by itachisasuked in $SPY about to peak at 407.20? by Confident_Abroad4984
The month performance was -9.18% but that’s also when they pivoted last
Confident_Abroad4984 OP t1_ixn1ct3 wrote
Reply to comment by itachisasuked in $SPY about to peak at 407.20? by Confident_Abroad4984
December is historically a good month - but last time the fed was hiking in December was 2018 and the S&P was -9.18%
Confident_Abroad4984 OP t1_ixn0o9k wrote
Reply to comment by itachisasuked in $SPY about to peak at 407.20? by Confident_Abroad4984
Well as soon as I buy puts on this idea - they will go up for sure!
$SPY about to peak at 407.20?Submitted by Confident_Abroad4984 t3_z3qdll in wallstreetbets
Confident_Abroad4984 OP t1_iyeoyqd wrote
Reply to comment by computermademedoit in $SPY about to peak at 407.20? by Confident_Abroad4984
Pretty bold - was one day off in my call to 407