Hope you all had a Merry Christmas!!!
Is the Santa Claus rally over? SPY finished last week up 4.5% in 4 trading days!
We have tested this $472 level numerous times and failed on break outs. It looks like we have a left shoulder and not the head has formed (head and shoulders pattern).
Options flow - over 20,000 Jun 2022 $450 puts bought Dec 23rd. *Cheddar flow
Catalysts? I am not seeing any upcoming catalysts to push over 472 level. If we do break out, I would be looking at $485 level.
Cheers!
Is the Santa Claus rally over? SPY finished last week up 4.5% in 4 trading days!
We have tested this $472 level numerous times and failed on break outs. It looks like we have a left shoulder and not the head has formed (head and shoulders pattern).
Options flow - over 20,000 Jun 2022 $450 puts bought Dec 23rd. *Cheddar flow
Catalysts? I am not seeing any upcoming catalysts to push over 472 level. If we do break out, I would be looking at $485 level.
Cheers!
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.