Still Long $SPY, But Overhead Supply Raises Trap Risk
Remaining optimistic but objective $SPDR S&P 500 ETF Trust(SPY)$
My fund is fully long and would only benefit from a push to all-time highs
That said both of our bull cycle indicators are still red.
Hope for the best, expect the worst
Not to mention point of control & smart money zones are sitting right overhead
All while Monthly BX is still red on $SPY
I’m still fully long, but I’ve rotated out of tech into other sectors
Still… this is starting to feel like a trap
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
