🗞️YEET D.D. #14: SPY falls, weed rises, we ball.

A Spicy YOLO, Education, New Flow Plays, Tracking Current Contracts, SPY Levels and Read

Hey!  I’m @yourboymilt, and welcome to the Daily Newsletter! I should probably let you know...This is not financial advice! 

Pt. 1 SPY: Levels and Analysis, Breakdown Video// Pt.1, Flow: Plays and Analysis, YOLOs, Contract Updates

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🕵️ Pt. 1: SPY Trade Review, Levels and Analysis

YEET+ SPY Trade Today: 518c 40%

I did a short video while I was in the trade today showing what I saw on the price action—first check that out (and be warned it’s still the bad audio computer):

Ultimately, SPY did what we thought it would as highlighted in the premarket YEET by falling to the lower levels off of the channel slope rejection. All we had to do was play the right level for the bounce on their inevitable attempt to reclaim the *second* trend that that they lost.

That’s where the candles come in—I’ve been harping on waiting for a reversal wick at the level as a signal to go. Once I saw it hit here I knew our reversal was in store.

Remember, we’ve been setting our levels at previous peaks—all we needed to do was play the right former peak for the reversal. Our cheat code to know which level is the correct one is usually given away by an hourly wick at that level (a signal of frenzied buying).

🕵️ SPY Levels

Upside: 519.44, 521, 522.33, 523.17, 524.16

Downside: 518.31, 515.87, 514.12m 513.27, 511.98, 510.11

🕵️ SPY Chart

This is the most important slope of the previous channel in yellow—yesterday was an emphatic rejection that should send us to 519.44 and below

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🐳 Pt. 2: Flow Plays and Analysis.