The Week Ahead in SPY QQQ

BTFD or More Blood to Come?

In case you missed the announcement from last week the pricing change on the course will likely go into effect this Tuesday and the announcement regarding Discord perhaps shortly thereafter. Announcement

I did a non-paywalled Markets Overview post for this week to provide a high level view of some areas of interest across markets. Markets Overview

We came into last week effectively required to be constructive on SPY 0.00%↑ as it was in a very obvious uptrend. We expected it to find balance, at which point we could assess if upside continuation or downside was more likely.

On Wednesday I made my assessment that we would resolve to the downside, we added puts and I put the bear suit on. These puts hit $6.54 on Friday.

As mentioned in the Markets Overview post, we must now assess if we see downside continuation or a reversal. That will be the focus of this week’s plan, the daily plans, and the intraday commentary.