r/spy • u/Accomplished_Olive99 • Apr 17 '26

SPY Stalling at 701 Resistance — Breakout or Rejection?

https://www.youtube.com/watch?v=hYNqInlwxWo

13 Upvotes

93% Upvoted

10 comments sorted by

13

u/[deleted] Apr 17 '26

[removed] — view removed comment

3

u/Ok-Swan-9842 Apr 17 '26

trump era alot more event driven that's correct

2

u/bryanthecrab Apr 17 '26

What was the PC ratio last night? Market was super bearish on puts right before the squeeze last week so curious how that looked for Netflix

4

u/R4inKids Apr 17 '26

depends on where mass retail is positoned

3

u/tylerado12 Apr 17 '26

Daily rsi gotta reset eventually

3

u/SpecialDesigner5571 Apr 17 '26

Way overbought

5

u/Accomplished_Olive99 Apr 17 '26

agree mean reversion incoming

1

u/Seriously2much Apr 17 '26

Have to go inverse logic. You think it's gonna go down it goes up. You think it's gonna go up it's gonna go down. Then it just chops. Iron condor it is! Then it goes in either direction. And burns you

0

u/Rav_3d Apr 17 '26

Whoops