YEET D.D. #20: Backtest Bouncey House
Today's plan, tracking a flow play, and our YOLO find
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.2, Flow: Plays and Analysis, YOLOs, Contract Updates
🕵️ Pt. 1: SPY Flow, Levels and Analysis
Note: Remember, we are going with slightly less flow plays, but tracking them more diligently for entry—this is because the market is entering a new phase where the days of “close your eyes and buy some calls” are over! Back to medium level difficulty for flow in the market…
SPY: The Current Plan and Some Backtest Education
I believe SPY will see an upside of about 514.25 before any downside—meaning 503 is the recent bottom until then. Here’s why…
🕵️ SPY Levels
Upside: 506.98, 508.24, 509.04, 510.46, 512.59
Downside: 503.04, 501.9, 500.18, 497.12
🕵️ SPY Chart
SPY ultimately held where it had to overnight, at 503 which has been strong support historically (blue rectangle, giant purple arrows). That’s a bullish hold—and a bullish candle bounce right off of the level.
