Information Wave

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$SPY trade on this massive day!

OK so the $SPY has been getting hammered lately and on the last trading day the on the 24th on Christmas eve. The 5 wave had completed on the 24th

 

Now on the 26th I saw the beginning of a wave 1 and 2 with a deep retrace after the initial move 237.90 and did a 70% retrace which set the stage for the all day 3 move , got some $SPY calls when the price action moved past the 1 and holding it overnight taht has topped out at 245.54 after market. Haven’t got the 4wave yet and 5 after that is still coming. The RSI is 36.38 and will hit resistance at 40 level around the 249-250 area and time to reassess !

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