I am seeing a lot of retards that knows nothing about TA posting charts with random up and down arrows indicating where $SPY is heading for the upcoming weeks. STOP being a retard and listen up.
To get a good estimate of where $SPY will go you need to follow the below steps:
- Open yahoo finance and search for $SPY
- Run the 6 months graph
- Circle and identify the trend of the first month
- Indicate the upward/downward trend for the next 4 months
- Observe and circle the 6th month
- Identify the new trend with more arrows
You should arrive at something like this: imgur.com/a/age2oSx
This is how you do a fucking TA you retarded fucks
Video Tutorial for the graph illiterates: www.youtube.com/watch?v=UbvfiZI2xnU
Short Term: $SPY 270 4/17 p Catch the bottom and slurp down your gains
Long Term: Leap SPY call for next year
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence.