@DevanHoffer@andrewschulz This is where y’all do it wrong. In Punjabi this type of beating is called “gujji satt”, where the hurt is not visible but it’s there and it’s going to be there for a long time. Point isn’t to hurt someone where it causes permanent damage, it’s so they remember it next time.
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@anshgupta64@balajis Two questions:
What is the source of your data?
Can you provide breakdown of same data for each state/union territory as well?
Thanks.
Here are my thoughts on $SPY going into CPI data tomorrow:
1. That 401-403 supply/demand zone is weak and has been torn through a few times in the last 20+ days
2. 401 breakdown will mean 397 gap fill is coming. Keep it simple when trading that.
Thanks for coming to my TedTalk. This is not for anyone but for myself to write my thoughts out so I can reference them later. Right or wrong, this is how I feel going into tomorrow morning's open. I'm not bound to these thoughts, market could reverse anytime for a retest above.
Here are my thoughts on $SPY going into CPI data tomorrow:
1. That 401-403 supply/demand zone is weak and has been torn through a few times in the last 20+ days
2. 401 breakdown will mean 397 gap fill is coming. Keep it simple when trading that.
5. Bulls had a chance but didn't take it. Bears took over and crushed all moving averages today. Look at the last hourly candle in the above chart and how it went through 100 and 200 SMA (hourly) like it didn't even exist there.
6. Daily/Weekly 20SMA was taken out too.
Banks earnings are tomorrow BMO, $JPM didn't do well last week so I'm expecting $BAC to follow it.
$NFLX kicks off earnings on Tuesday AMC. $TSLA $SNAP and $IBM this week as well.
How I would play $SPY tomorrow:
- If the sell-off pressure continues I see the next stop 435.58 and 432.8.
- If bulls took charge then 440.48, 443.19, and 444.74