SPY Reverting to the Mean?

2022-05-03 / Kody Ashmore

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With the SPY testing support, closing on a hammer candle (reversal pattern) with +15 million ($6.5B) late buy prints with confirmation today. As long as nothing is said during the FOMC that isn’t already priced into the market tomorrow. The SPY is set to revert to the mean (21EMA) and test resistance at the $430 level. Here is a trade idea you can potentially benefit from.

Kody Ashmore

One would consider Kody a “Jack of all trades.” While in high school, he enlisted in the United States Marine Corps as a rifleman. While in the USMC he did two tours to Iraq, went through a wide variety of courses and obtained several awards and medals. After leaving the USMC Kody went to school to become a Paramedic. After becoming a Paramedic he worked as a field medic, paramedic instructor & even flight medic. Kody then decided to combine both professions and started working for the United States Government in various “High Threat” locations as a tactical medic. Kody’s main goal in trading is to be able to produce a weekly income for a source of living. Kody seeks to actively pay himself weekly while managing risk.

That's as far as you can go!