My assessment of SPY futures & the rest of the week after looking at 2 charts for a few minutes.
SPY and Spy futures both hit 3-month resistance earlier this week as well as setting all-time highs.
The gains @ market open have been getting smaller and smaller since Nov 2nd.
If Spy Dec 20 futures dip below 3400 OR we have a couple of red days, it may be a good indicator of the a significant dip til February.
If we follow the same pattern as October, we can expect futures to drop significantly the next couple days like what happened before. It’s also currently an uncertain world, news-wise, kind of like in October.
TLDR: If SPY breaks resistance AND futures go up, I’ll hope for another 5% gains. However, if we have 2 red days in SPY, market is fucc
$SPCE 25c 11/27 $GLD 29c 1/21/21
Submitted November 12, 2020 at 03:34AM by HalfEpic
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