Much damage done today, but still a lot of high magnitude bearish setups in play on the monthly chart. Many quarterly and yearly bearish setups have triggered as well. Will post next. Foresee much more significant correction this year based on Strat setups.
Will post a number of targets 🎯 to illustrate the significant magnitude of potential moves. Also shows importance of waiting for a reversal before changing directions of a trade. That *could* come any time.
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$SPY has now gone in force on the quarterly chart 50% rule (426.36). Below 421.91 triggers 50% rule for the year with new target 🎯 364.82. Will this be defended?
Actually entered calls after quarterly $SPY 50% rule triggered as the broadening formation was defended. Daily 428C 0.78 and 1/26 440C 1.06. Important to note stocks have diagonal support so need to give some leeway to horizontal triggers/targets.