Good Evening,I hope everyone had a great trading day. Spy got rejected from the 50 Day
Moving average and it looks like we are headed to retest the lows. As I
continue to say, we are in a nasty downtrend and it looks like we are headed a lot lower.
Sell Every Rally
And please do not get too extended on margin. Always leave some dry
powder to average in at the top of the range. The bears are in control
as I mentioned last night. The CPI Data is coming out tomorrow and we
will see a Major move one way or the other, for sure. We Took profits in
our Free Twitter Portfolio which is now up a little bit more than 355%
for those agressive traders like Bobbyhitme1 that thanked us for all
the free advice and wanted everyone to know he had 100 of the NVDA
November $122 puts from our options portfolio recommendation last week
and they moved over 125% in one day. It pays to get our options picks.
If you are interested in our Option Portfolio called “Give Me Alpha”
Please Call 1-844-Swingtrade thats 1-844-794-6487
Resistance- SPY $385 and then SPY $390
Support $365, the lows at $358 and our price target of $350
Cheers,
G. Allan Collins
