So now the $SPY got literally everyone by surprise and now people are not looking at buying the dips, like the did last week. Even if we bounce from this tomorrow, a lot of retail investors have lost their confidence. Now here is the important note from “Uncle Fuinhaz”.
When you see the market spiking and reaching R3 before 11am, 9 out of 10 it will flush so hard, even holding a short will make you look smart, but scary at the same time.
I believe $SPY will close around my 3rd target of 141.43
May you all have a good end of your day.
