$SPY short term accumulation going on, and then will probably resolve to the upside, to retrace this whole move down to a golden pocket, let's see. Expecting to fill both gaps below and then move higher
$sofi
@anthonynoto
Reposting about the new Sofi
Emphasizing this as the way forward
FROM THE POST BELOW
Think of it as starting with the Sofi+ offering for $10 a month, then graduating to a $20 Sofi+ Platinum prescription that includes a premium credit card with richer benefits and a temporary interest only loan product within invest or connected to invest.
They stated they would offer the temporary interest only loans for about 13% to people to refinance credit card debt. They would likely sell those on the loan platform business and keep fees without risk.
But what if they could issue that same product in a Sofi+ Platinum subscription connected with an invest account and the rate charged would be lower to the extent of the assets you held in Invest? So just as an example 11% if you have $20,000 of assets in Invest, 9% if you have $100,000 in Invest, and 7% if you have $1,000,000 in Invest. Then mimic those rates on a premium credit card, and you could pay off that card with the temporary interest free line of credit that could be a loan for years or more likely an open credit line.
$SOFI I know it looks messy, but I see ~$16.50 by Tuesday-Wednesday, then last little dip into ~$15, and then we fly into $20-24, most likely driven by NVIDIA earnings