hector @phector14 - Twitter Profile

6 months ago

$SPY $SPY $VIX getting close to 30s now is the time volatility is elevated and we can expect almost a 1.5%-2% moves to be common intra day movement. $SPY $SPX were weak to close off on Friday with bears gaining momentum with 2 bear gaps opening. We are also beginning to see the weakness under 6800 finally with VIXpiration and OPEX weeks coming up soon with the support under 6700 going down 100 points more very fast where I believe there is support gathering now. While we do see that this move can be triggered in the first half of the week next week $QQQ (a chart to follow later) is creating a nice falling wedge with price being more stronger than the other indexes although the support of the lower Trendline doesn’t come into play until 585 is hit. Overall downward pressure is here with volatility. Sizing down positions and waiting for the better market conditions for options is the way while selling premiums on bullish and strong stock to buy on this drawdown is good for the longer picture given the market can be a lot higher by 2027 end. So other macro events other than the war that is influencing the price is the new FED chair coming in. We have the mid terms and obviously the tariffs news. 🗞️ Be careful out there on this volatility. Don’t get caught on the wrong ride. I have laid out some stocks I am watching for on a video. A few bullish but about 4 bearish ones. Watch out for some plays there. There is no trade idea for the week this week but I will get back to it next week. Check out the link to the video below 👇🏼 If you like my analysis hit the ❤️ and repost. If you have any questions let me know in the comments section below. ⬇️