Submitted by AndThenIWasADragon t3_z3va2i in wallstreetbets
SPY is either dying or moon-ing within the next week; I vote doom!
Will SPY enter or reject shrek dildo territory?
Been watching this area during the current bear market rally, I mean the clear thesis is that risk to reward for longer dated puts is looking good, we’ve never lasted more than a few days in the descending white channel throughout all of 2022!
General consensus seems to be the “mother of all crashes” occurs Q1 2023, and that we Santa Rally into the new year - I think that’s too convenient a narrative, and we’re peaking as early as tomorrow, JPOW has an event lined up for 30th November where he will once again murder bulls.
