The highest probability case for SP500....We should touch the 2650-2685 region tomorrow or so. I plan to buy SPY calls (in installments) by watching for oversold conditions and positive divergence in this region. If this case is realized, then the bounce is expected to be strong.
If SP500 breaks 2650ish, the alternate is.... we will be going south but this has a lower probability right now. It is important to know the alternate as one can respond accordingly.
This post is written to discuss the technical analysis with the forum members.
If SP500 breaks 2650ish, the alternate is.... we will be going south but this has a lower probability right now. It is important to know the alternate as one can respond accordingly.
This post is written to discuss the technical analysis with the forum members.
Quote: (11-12-2018 12:51 AM)Denzel Wrote:
The highest probability count is that we are forming B of supercycle 4. Accordingly, I should buy SPY puts (with a stop loss around 2817).
With the usual disclaimer, this is not an investment advice. I just explain one of my possible investment strategies.