-Lots of volatility and uncertainty is here in the market, but it looks like SPY couldn't care less about it and it is rising despite all the negativity.
-Rising COVID-19 cases and a depressed economy with rising food and oil prices are not affecting our hero who is determined to rise to previous highs.
-While we are bearish on the whole economy and SPY in the mid-term, short-term with the current positive flow we expect SPY to reach $474 soon.
OUR SUGGESTION:
Keep tight gaps and short expirations and open some spreads on this boy!
-Rising COVID-19 cases and a depressed economy with rising food and oil prices are not affecting our hero who is determined to rise to previous highs.
-While we are bearish on the whole economy and SPY in the mid-term, short-term with the current positive flow we expect SPY to reach $474 soon.
OUR SUGGESTION:
Keep tight gaps and short expirations and open some spreads on this boy!