SPY

Yesterday's close was like the 120th bear trap since Feb 11, blow off top needed before shorting makes any sense.

 

$SPY $SPX $QQQ $VIX It's all very bullish and bear trap city for now, but someday we'll get back to the mean.

 

Now is a great time to go long when we're near the lows of the next bull market that's going to kick off just below the ATH's.

 

$205 is now next possible downside target $207.14 is achieved will modify this DTS

 

The charts are bearish. Fell below its 50dma for the first time this week since the beginning of march. Don't have a bias trade trends

 

Bonds ready for another leg up. Double bottom, bullish MACD crossover, good seasonality

 

Now looking at the high 1990s as a possibility in the near term. Also a 38% Fib from 2/11 to recent peak.

 

$SPY US Dollar is on a major run right now while we sleep. Prepare for the dump.

 

Wanted to complain about today's FOMC announcement, but generally it's they're doing the right thing, even though it's not so good for my pockets in a short-term.

 

Market always leads the FED , it's a time for a nice little correction before June , and they'll never mention rate hike again.