Based on prior market behavior and what has already happened to the crypto market in the last quarter, I agree with the hypothesis that SPY could see a slightly higher high followed by a correction bigger than the last one, so 15-20% instead of 10. Just pulling a number out of thin air, not trying to do technical analysis nonsense, I am targeting 740 on SPY to trim a little and then hope that the rest plays out, with a potential bottom of 590 to 600. Not selling a ton since missing out on more upside is the bigger risk, just wanting to see if it plays out. Anyone thinking similarly?
Here's how I'm playing SPY short term
byu/onerandomcomputerguy instocks
Posted by onerandomcomputerguy
6 Comments
Anything ‘rational’ you could possibly think up is officially meaningless in the current market lol
Comparing spy to crypto is one of the dumber comparisons I’ve heard. Good luck timing the market
This is worse than ai slop
Good luck with that.
Thinking SPY heads up to $777, then back down to $333
Are you hedging with a far out put?