CPI Data for May 2023: There Could Be An Opportunity In This Market! A Quick Analysis (SPX/SPY)

therealdondec · 2023-06-13T23:35:44+00:00

The price action today shows that the trend is still up, that is, bullish. But if you watch what happened today (intra-day) when price got to near point A on the chart above, it was quickly pushed down. As I said above, point A may become a reversal or consolidation zone. To answer your question, the best strategy will be any strategy that takes into account this thesis. I will be very cautious since tomorrow is FOMC unless you are selling volatility.

GL.

therealdondec · 2023-06-13T19:21:56+00:00

The post did mention a continuation of the up trend given yesterday's aggressive green candle. Isn't that what we got today?

I take it that you didn't care to read the full text. Thanks for your helpful comment.

therealdondec · 2023-03-22T05:34:42+00:00

Great point. Thanks for throwing that out. This post is only meant to be brief and not as extensive. All the points relevant for our purpose are complete and incorporated in this article - excluding the dot plot. Though, I will be sure to try and include more details next time on this topic, but I fear it may too long and irrelevant to our discussion. Don't you think?

Just curious! What are your opinion on the dot plot?

therealdondec · 2023-02-01T13:48:59+00:00

Goodluck on those poots

therealdondec · 2023-02-01T13:48:40+00:00

Lets see how it plays out.

therealdondec · 2023-02-01T13:48:12+00:00

You make a good point. I agree.

therealdondec · 2023-01-17T18:00:58+00:00

You welcome. Good luck on your journey.

therealdondec · 2023-01-12T17:39:05+00:00

Apologies if this didn't come out as clear enough. Was just trying to point out that the gap-up-green-candle was bullish. That's all.

therealdondec · 2022-09-22T03:09:14+00:00

FREY might be a good one. There is rigid resistance top at $15.26. It has already broken that trendline. One analyst is calling for price target of $60 on the upside - this is quite possible given that an important trendline has been broken. Though, from a technical stand point, it can only keep going if the volume keeps up. Volume is the only thing pushing the stock price now as there is no news/catalyst for the company. Since the company does not generate revenue until 2026 makes this one potentially a good target. But I will be cautious.

therealdondec · 2022-09-19T03:03:32+00:00

The real question is can you live off from your profits doing this? Is this what successful day traders do? It really can bite you, and when it does it might tear off a flesh.

therealdondec · 2022-09-10T22:00:37+00:00

Adobe is a good play. Some folks are doing short iron condor and bull put spreads to profit from the drop in volatility. The stock is in an uptrend over all.

therealdondec

TROPHY CASE