SPYSPX Good morning traders! All major holdings of SPY are significantly losing money, with TSLA being down more than 8%, which indicates strong selling pressure in the market today. Other stocks, such as AAPL, NVDA, META, and AVGO, have also lost money remarkably in the past two hours. Meanwhile, BRK.B is the only stock showing bullish momentum today. The key level for today is 575, and since we are currently down almost 10 points from this level, buying calls on 0DTE options may be considered a safer play. However, I do not recommend risking a large amount of money on calls today due to the strong selling pressure (ROC = -1.34). There is also a high probability that designated market makers may fail to push the price to the maximum pain level. Currently, the price is trading in the discount zone and is below all major exponential moving averages. Pay close attention to price action, as we will be placing our first order very soon. Comments and suggestions?
On the weekly interval, there is a bearish fair value gap. We saw an up-close bar on Friday. I believe price will continue to go lower and it will do that from the weekly FVG. The ultimate target is the intermediate low at 437.90.
BRK.B I'm not sure I like the large cash position. I am not seeing great signs of an economic crash or recession getting treasury yield has vastly underperformed the wider market. I think Buffet and Co are losing out on higher returns using models that were more applicable in a market pre algorithmic and high-frequency trading patterns
SPY 
SPX Good morning traders! All major holdings of SPY are significantly losing money, with 
TSLA being down more than 8%, which indicates strong selling pressure in the market today. Other stocks, such as 
AAPL, 
NVDA, 
META, and 
AVGO, have also lost money remarkably in the past two hours. Meanwhile, 
BRK.B is the only stock showing bullish momentum today. The key level for today is 575, and since we are currently down almost 10 points from this level, buying calls on 0DTE options may be considered a safer play. However, I do not recommend risking a large amount of money on calls today due to the strong selling pressure (ROC = -1.34). There is also a high probability that designated market makers may fail to push the price to the maximum pain level. Currently, the price is trading in the discount zone and is below all major exponential moving averages. Pay close attention to price action, as we will be placing our first order very soon. Comments and suggestions?
