$SPY 4HR

4 באפר׳ 2021

SPY, what a journey from march lows. We broke through 400, now expecting 397-398 backtest this week. There will be no crash or selloff without the big boys of SPY playing a part. Till then it will just be corrections every now and then. Just look at the chart bears lose more than they win. They lose a mile to win a inch. There is no reason to consider shorting this garbage for now, 407-410 will come before there is good short R:R. Until then dip buyers will clearly be rewarded. April is seasonally good, while may is always garbage.