Spy Targets is Adam & Eve Double Top Stands
Hi Traders,
Man this market has been crazy... I haven't had a good track record lately but always remember I do this for fun... and we are human and can't get them all right. I try many different things so anyone who says oh thats stupid or you got it wrong..sure... but many I did get right as well.
Well this newest one is my down targets if employment data comes in bad tomorrow...mean if it doesn't hit projections... Last month this data was weak and the market sold off with the biggest vix launch for a long time. I think this market needs to come down... we are really high and bad data could send us on our way...and make the fed do a .5 cut instead of a .25. That also means a possible recession is on the way unfortunately which if you factor our companies ATH profits and stocks.. reality for most people isn't as rosy. Prices are high and wages are low if you can find or keep a job. Calling a top...is never easy...and maybe this isn't a top..or a local temp top..before we move higher one more time after a nice dip... Either way end game is getting close. I don't like how this market is reacting so I am mostly in cash.
Man this market has been crazy... I haven't had a good track record lately but always remember I do this for fun... and we are human and can't get them all right. I try many different things so anyone who says oh thats stupid or you got it wrong..sure... but many I did get right as well.
Well this newest one is my down targets if employment data comes in bad tomorrow...mean if it doesn't hit projections... Last month this data was weak and the market sold off with the biggest vix launch for a long time. I think this market needs to come down... we are really high and bad data could send us on our way...and make the fed do a .5 cut instead of a .25. That also means a possible recession is on the way unfortunately which if you factor our companies ATH profits and stocks.. reality for most people isn't as rosy. Prices are high and wages are low if you can find or keep a job. Calling a top...is never easy...and maybe this isn't a top..or a local temp top..before we move higher one more time after a nice dip... Either way end game is getting close. I don't like how this market is reacting so I am mostly in cash.
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