Proffesseas

$SPY Triple Top...

Short
Proffesseas Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
SPY getting spicy here, looks like a triple top for now headed into a lot of world news, ie Iran/Israel/Biden ... I think we've been overdue for a correction, this is a VERY solid base to start a downtrend and fill some gaps before heading back up for Trump Presidency... Buy the rumor stuff...

No positions, will look for continuation tomorrow...

- Prof
Comment:
CPI = Confirmation.

Bog called... Dump et

Looking to base around 465ish

WILL LOAD UP THE TRUMP PRESIDENT CALLS THEN
Comment:
497 Gap Filled as of Premarket... That triple top was a no go for bulls, bears in control currently. Looking for mini bounce here this morning as gap should provide some temp support. If bull don't show up here in force, major sign of weakness imo that could lead to "panic" next week... Vice versa, a big bounce here could be the beginning of the right shoulder for a head n shoulder top pattern, see my other SPY idea.
Comment:
4/19 ... Says a big bounce could happen here... 494 - 505 SPY by 4/24 ...

Say's could lead to "panic" next week... 4/25 , I think Jobs #s and GDP could be panic worthy... Look for the "Sell Algo" = leaders taking big shots to downside (META is one...)

On the same note. This could be a shake out of the finest names before Operation "Money Printer" gets utilized by a political fed that CAN'T have Biden look bad... Expect the unexpected. Be Water

- Prof (4 likes, NO RESPECT)
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