The market is banking on a $6.36 move for SPY this week (7.53 for QQQ) I guess you could say average moves but ehh 7 bucks is usually the average move for SPY and we have seen much larger numbers lately. A bit surprising.. looks like a boring week looking at that but I would like to see this bull flag make a breakout out just finish off the chart. Well see... odds are against it but would be nice. Make no mistake about it.. 2022 is the year of the bears!
Anyway, mark off 6.36 from Fridays close to the upside and to the downside and there is a 70% chance if we hit one, they bring the market back in. Double that for two standard deviations which is when the move from one to two standard deviations happens VERY quickly.
Good luck! 2022 the home of the bears! We got this. The bulls are going to be pretty upset and pissed off people this year. All that garbage that is up in the clouds, time to take it on down.
Anyway, mark off 6.36 from Fridays close to the upside and to the downside and there is a 70% chance if we hit one, they bring the market back in. Double that for two standard deviations which is when the move from one to two standard deviations happens VERY quickly.
Good luck! 2022 the home of the bears! We got this. The bulls are going to be pretty upset and pissed off people this year. All that garbage that is up in the clouds, time to take it on down.