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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!



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