SPY WEDGE BREAK

25 avr. 2023

Well the streak is over 22 days of not closing below a -1% day is over and the boring market range looks to create volatility which means VIX goes up. Careful what you wish for, it has been easy money for the past 3 weeks in the range. Normally a 2 day conformation would be needed but todays trend day sums up that fear has set in even though 80% of the companies beat the earnings per share. I still would like to see the close tomorrow to verify. The debt ceiling talk has created fear of a hard landing being that there won’t be any money to spend. Recession fears seem to have been stoked by the earnings and debt talks so far. Microsoft and Google paint a different story looking good, but they are only two companies that don’t run the market. UPS numbers were pretty bad on package deliveries meaning purchasing has gone down.The 0dte Vix is going to be difficult to get used to so respect your mental stop losses. A belief system is nothing more than a thought you’ve thought over and over again.
As always trade what’s in front of you

I can’t believe this is the 200th idea here’s to more

26 avr. 2023

Note

Forgot to add *good luck