SPY going to reverse around noon tomorrow

11 lis 2022

I have been testing this theory with my friends about a crossing of patterns that signal a trend reversal days or weeks before. Tomorrow on the half-day chart is showing a reversal around 12:45 pm during the trading session. I think the Market is overbought and the dollar just hit a support zone. There could be continuation tomorrow but I think over 5% on the market is too high and needs to retrace back down sometime. I think 390 on the SPY could retrace so I bought 395 PUTS for tomorrow.

Let's wait watch and see.