Market Testing Double Top Awaiting FOMC Outcome
@ZEROHERO:
$SPDR S&P 500 ETF Trust(SPY)$ 30% gain in 90 mins taking calls from the banking crisis resolution. ⚠️ Looking at calls above 416.3 and puts under 414.5 on Tuesday. Expecting another choppysession as market awaits the interest rates hike outcome from FOMC this Wednesday. Buy, buy, buy 😉 JPMorgan emerged as the winner of a weekend auction for First Republic after regulators decided that time had run out on a private sector solution. The Federal Deposit Insurance Corporation seized the bank and New York-based JPMorgan announced early Monday that it was acquiring nearly all of the deposits and most of the assets of First Republic. In the wake of the sudden collapse in March of Silicon Valley Bank and Signature Bank, i