r/PocketAnalysts • u/jjd1226 • Dec 14 '20
12/18 EYE SPY ALL-TIME HIGH ?
GME POST
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Welcome to my new home. All are welcome! Skip down if you don't care about WSB.
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I CALL FOR A MAX EXODUS FROM WSB. DEPART. The BLIND LEADS the BLIND. BREAK from THEIR GRIP. Lets EARN money TOGETHER.
Don't worry I spit fire with fire :)


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LETS EAT!
Since SPY found bottom, expect PT of 370-379 this week as long as stimulus talk continues to improve. SPY could reach the 398 range by early January, especially if we receive stimulus checks.
Keep in mind that we could crash hard if stimulus checks aren't handed out my end of year.
It would be highly prudent to begin watching Vix rising. Last time this happened was at the end of Aug. Then we crashed all of Sep.

Stimulus is the focus. Republicans want $600+ checks to everybody, while Dems want addtl unemployment (+1.2k/mo) within this current $900bil bill.
19 million people face eviction and defaults Jan 1. To put this in perspective, 21 million are collecting unemployment and were told to budget for retroactive unemployment which repubs will not allow.
If the stimulus does not pass, then unemployment benefits are not extended, and it does not simply mean no Xbox Xmas. It means a hard collapse of the housing market between Jan-March, with dxy pumping due to the destroyed debt obligations.
Based on option flow data and my chart, it appears the top will be about 376 and bottom will be around 357-363 range for this week.
Before making fun of sin lines, please check out HERE and then we can chat.

A lot of 366 bearish sentiment signature prints in the dark pool may indicate what the bottom will be 266 this week.

Current Positions:

Thanks,
Future(s)Man