i dont see how it dont re-test previous ATH around 600, but gotta take it level by level, i think 645 is the first important level it can test to downside.
Guys. Spy is 3% from an ATH. Downside is 10-20% upside is 3% back to ATH. This is the first uncertainty brought into the market in 5 months. Shorting is a no brainer here from a risk reward perspective. If this blows over, spy will go back to ATH 3% higher. If it doesn’t the market corrects
Events like Friday can really be tough for new investors. They were for me, I started investing in Jan at ATH and saw my portfolio drop 50 percent in April. I was feeling depresed during that time. I am now at ATH.
For any new investors don’t panic. Markets always recovers.
I open covered calls against part of my index etf's when the market hits ath. Like a quarter or more out and well above the current price. It's a great way to make a few hundred $ against a $60k position and miss out on thousands of $ of gains
I don’t think it’ll react as sharply, but we’re 3% off ATH. I think there’s room for correction esp with froth going on. Also, my idea isn’t China is doing this to weaken capital markets, my idea is china doesn’t want to be bullied by america, and it’s flexing its muscle back, to eventually come to a deal that is more favorable to china, and one way to gain leverage over usa is to crash the market. When markets crash, 🥭 caves in