Get in Touch

SELL THE RALLY

October 19, 2022
The Money Magicians
The Money Magicians Blog G. Allan Collins

We had another crazy day in the market as SPY gaped up to resistance at $378 and then sold off as expected. We Shorted more Meta today at $134.70 which gave us a great average price and enabled us to exit our entire position up $3,900.Thank You J.C.

We are in cash and waiting to see if The bulls get through resistance at $385 the next level would be SPY $390 and higher Or if the Bears can break Spy Support At $367 If we break $357 I would go to cash or short because we would be most likely be headed for SPY $349 Cheers!

Share:

Comments

Leave the first comment

Verified by MonsterInsights