2022 SPY Matching 2008 Crash

29 Apr 2022

Using fib, we can see there is possible recovery at the .618 zone. Just a lovely coincidence of course.

29 Apr 2022

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Further, If pulling fib retracement from 2008 BOTTOM to current ATH, the 0.5 retracement hovers just above the Bars pattern bottom.

30 Apr 2022

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If it's not obvious, the purple is the 2008 crash of the SPY.

9 Mei 2022

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Actual price is ahead of the '08 overlay, however matches near perfectly. Looking for short term bottom at $388-$390 before rejecting off resistance at $410-$414.

I'll be looking for Puts on this fake-out recovery.

13 Mei 2022

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Look there! Hit the low target announced May 9th (stooped to $385). Now accounting for a fake-out recovery and FOMO, SPY may exceed the $414 target and extend to $418.

20 Mei 2022

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Happy Friday, reader. You've made your way back to my post from April 28th. How are we feeling? Stressed? Zen? Elated because you're making absolute BAGS in both directions? Where ever you're at, hope it gets better!

As anticipated we had a mini-fakeout recovery touching $408.57 on May 17th, did you get burned? Full disclosure, I have ATM and OTM PUTS and am still expecting a further downturn. I'm not sure how TV ideas work, but looks like this post has been seen by everyone it's going to.

Have a great Friday and take care of yourself.

14 Jun 2022

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Market in free-fall! Take care.

If you are trading volatility, set stops and obey your risk tolerance rules.

15 Jun 2022

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FED Rate hike discussions end Thursday June 16th. Expecting extreme volatility.

15 Jun 2022

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.75pt rate hike confirmed. June 15, 2022