SPY 8/12 V shape recovery?

12 août 2022We have a 5 dollar bull gap to keep an eye on. I think this could be a bear trap set up so be careful either way. I’m still thinking we can hit the 200 day ma this month. Everyone is talking about we hit bottom I don’t think so there’s to much going on still. It’s the old saying “when that cat is gone the mice will play” as soon as the feds get back the market will get grounded for partying to much. The VIX closed below 20$ for the first time since April, is the bear market over I don’t think so, what do you think. A bottom here would make history. As for tomorrow I’ll be watching the first 30 minutes to establish a high or low then pulling the fibs in the direction of the trend and waiting for a .618 pullback. It’s lotto Friday so hopefully da bulls show up. Please don’t get caught up in the bear or bull stuff if you’re going short have a plan, I hope all those people that were loading up 8/19 puts aren’t averaging down so much. I never hold anything over 2 days heck 1 night makes me nervous I rather go with the trend then sound smart about all of the obvious macros out there I know it’s hard to do, pride can make you go broke. As always trade what’s in front of you good luck