SPY 3/20 LOOK AHEAD

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All times are Wall Street
Monday- no schedule events just more bank talk luckily
Tuesday- existing home sales 10am
Wednesday- crude oil inventories 10:30am, FOMC rate drop at 2pm FOMC press conference at 2:30pm
Thursday-building permits 8am, initial jobless claims 8:30am, new home sales 10am
Friday- core durable goods orders 8:30am, FOMC member Bullard speaks 9:30am,

Wild stuff all weekend about banks especially credit suisse that is being bought out by UBS for 2 billion and the shareholders don’t get to vote. US banks borrowed 150 billion from the fed discount window last week and we are not even close to the end of this financial crisis, Inflation is here to stay for a long time. Friday was a all time put buying record we had 37.4 million contracts traded, the 2nd biggest was 9/23/2022 with 33 million also last Thursday was the 8th biggest with 27 million put contracts while call buying is near record highs too. Hedging against long and short is being done with huge amounts. Either way when everyone is thinking we are going to crash you know what to do, wait for the breakout then go opposite of what everyone is thinking. Max pain is 400.
As always trade what’s in front of you good luck

Thanks to those that have bought me a coffee much appreciated

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