SPY Forecast for 2022 and beyond - New Lower shelf to build
I AM NOT A FINANCIAL ADVISOR
we're now forming FROM a secondary lower shelf from the new low that was established in march 2 2022
The lower shelf will form the basis of support
build up the market from a corrected level
watch the bottom touches. exceess liquidity has dried up so be careful.
likely the pump is from the shorters who are planning to raise a "second round"
the sky is the limit as they print a ton of worthless puts to sell.
this put selling is how they are raising extra liquidity and used to pump the market. Its a vicious cycle of pump green, but know the source, its the wolf.
OUTLOOK: Neutral
Potential trading vehicles: Butterfly centered around 435 for November 2022
I AM NOT A FINANCIAL ADVISOR
we're now forming FROM a secondary lower shelf from the new low that was established in march 2 2022
The lower shelf will form the basis of support
build up the market from a corrected level
watch the bottom touches. exceess liquidity has dried up so be careful.
likely the pump is from the shorters who are planning to raise a "second round"
the sky is the limit as they print a ton of worthless puts to sell.
this put selling is how they are raising extra liquidity and used to pump the market. Its a vicious cycle of pump green, but know the source, its the wolf.
OUTLOOK: Neutral
Potential trading vehicles: Butterfly centered around 435 for November 2022
I AM NOT A FINANCIAL ADVISOR
HOW FURTHER UPSIDE IS POSSIBLE. ALSO NOTE 444 POC FROM COVID LOWS THANKS TO RECKLESS JPOW / FED