Heads up on $JBL this week!
- Itโs testing the lower trendline of an ascending wedge ๐
- Friday showed a solid bullish net flow, especially into 9/18 calls โณ
- Earnings drop on the morning of June 17th, with an implied move of +/-12.48% ๐
$SPY here comes the dip. Watch the 1H 200 ema for support, If it fails then watch for our 750-749 level again. If these levels hold Iโll buy the dip in the morning, if they donโt then we might be on our way to the 20 dma currently at 745.99 so Iโll wait.
The move from 749 to 758 had to retrace a little so thatโs why I took profits on the calls and didnโt swing although it was nearly just a 16% gain, nothing crazy. Discipline often wins.