SPY 7/29 apple and friends

29 juil. 2022

What a day! I was so wrong about the reaction of a negative GDP. If you told a random person on the street that by definition we are in a recession, what should the market be doing? I believe they would respond with crashing of course it’s going down. Well my friends they would be wrong we are rallying. Now with a positive earnings report from apple and friends the bottom seems to be in. 420 will be the make or break level. I’ve been thinking and talking it over with my coworkers that August will be a green month. No fed talk no government bs, just low volume pump. So play it day by day like always. If I get enough likes for a Fibonacci video I’ll do one this weekend my last video about the 30 minute open was a bust even though I believe the first 30 minutes is the most important play, after 2 hours of market being open that’s where the money is at. Expecting a lot of excitement tomorrow lotto Friday will be in full force, so as always trade what’s in front of you please remember to play defense. If you walked by and there’s a 20 dollar bill on the floor would you pick it up or just keep walking… sell when you’re happy and don’t forget to pay yourself

29 juil. 2022

Note

PCE price consumption expenditures tomorrow I don’t think it will have that much effect
August 10th CPI I think will be the pivot point for now institutions will just let us think we’re in the clear
I’m sure everyone has seen all the flow the past month on August 19th puts now everyone is moving to September be careful following flow they have the big money to take a loss and not blink
Tomorrow we break 405 I will have 406 calls with a stop at 403
Below 400 I will take 399 put with a 401 stop: good luck everyone

29 juil. 2022

Note

If I get over 12 likes I’ll do a Fibonacci video this weekend
Thanks to all the new followers and everyone who has reached out I hope we can help each other with learning new ways to view this market