$SPY popped, and sold off hard unexpectedly. Finally what every trader was looking for a week seem to be turning true. But amazingly, it happened too fast, and we are now looking like we could bounce. Even if we do, the bounce would only give the newer traders the sense that this is a buy the dips kind of market, like we saw last week. But personally I don’t think it is, and it will get many of them by surprise.
Today idea is short, unless we are able to cross $SPY above 140.64.
May you all have a good continuation of your day.
