SPY - Called the top at 422, let's see if the retrace continues
I called the SPY top at 422.
SPXL was hovering above $100 and I thought wow, what a recovery from $30 levels.
More than 3x returns? Likely not without retrace!
Next few days, we see SPY dropping. Today was the most impressive drop!
Might be a good time for yearly investors to "Sell in May, Go Away," if you are happy with your profits or family members need it. It's already been an amazing economic recovery for many.
If not, keep holding. Downturns happen, we'll see what kind of teeth this one has.
SPXL was hovering above $100 and I thought wow, what a recovery from $30 levels.
More than 3x returns? Likely not without retrace!
Next few days, we see SPY dropping. Today was the most impressive drop!
Might be a good time for yearly investors to "Sell in May, Go Away," if you are happy with your profits or family members need it. It's already been an amazing economic recovery for many.
If not, keep holding. Downturns happen, we'll see what kind of teeth this one has.
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