This is the 'Cheat Sheet' that will show you the following.
- After the sustained correction of 2008 it was the last time a MAJOR prolonged correction was permitted.
- All the corrections after that point were single,double,triple bottoms.
- TICK chart showed that someone was buying everything in sight up starting the end of March. SPY could not get past that point and the floor was nailed in a $240.
- The market will try to break the $240 barrier again and this will form a giant W in the market.
DO NOT SHORT THIS MARKET AFTER $240 YOU WILL BE BULLDOZED UNDER BY THE BAGHOLDERS AND YOUR PUTS WILL THETA AND VEGA DECAY
- After the sustained correction of 2008 it was the last time a MAJOR prolonged correction was permitted.
- All the corrections after that point were single,double,triple bottoms.
- TICK chart showed that someone was buying everything in sight up starting the end of March. SPY could not get past that point and the floor was nailed in a $240.
- The market will try to break the $240 barrier again and this will form a giant W in the market.
DO NOT SHORT THIS MARKET AFTER $240 YOU WILL BE BULLDOZED UNDER BY THE BAGHOLDERS AND YOUR PUTS WILL THETA AND VEGA DECAY
Comment:
Correction : $220! The bottom of the previous.