It's extremely high for sure and I will point out that this year the days that follow the VIX expiration (Wednesday) have been especially brutal  - much has been purged during this unwind  - apathy has certainly set in for many.  All part of the process.   Bigger picture though - this may just be the first leg of a multi year unwind since the bubble was formed over a decade plus.  I'm certainly in the camp that we are closer now to a sustained rally - started  making a list of some names and taking it level to level.   Thanks for the summary. 

    This correction started over a year ago with many smaller names (soldiers) and more recently has shot the Generals. 

    Steve - would be great

    Posted by anjali25 on 16th of Jun 2022 at 10:58 pm

    Steve - would be great to see some projections for next couple of months in terms of what you see as bounce tgt ge as well as which names you are looking at ,,,, maybe you have shared before but I am a newer sub

    I'm a trader not a

    Posted by steve on 16th of Jun 2022 at 11:20 pm

    I'm a trader not a forecaster...traders put real capital at risk while forecasters do not but like to talk on TV.  What's most important is for you to develop a methodology that works for you. You can incorporate our analysis into the plan. Please read sticky  shaded yellow post above for additional input.

    For tomorrow, my key levels are 3650 support and 3720 resistance.  Above or below can lead to decent moves in those directions.  

    We were targeting 3500/3600 area on this decline a few months back and  until a bottom is confirmed it's hard to project any retracement targets.  See your private inbox as well.

    Hi Steve - did not

    Posted by anjali25 on 17th of Jun 2022 at 10:30 am

    Hi Steve - did not see anything in my email

    Check you inbox here on

    Posted by steve on 17th of Jun 2022 at 10:32 am

    Check you inbox here on the site - click on the inbox above (as a new member you should take time to review the site tutorial prior to anything else) 

    Wise words. The levels are

    Posted by timebandit on 17th of Jun 2022 at 07:42 am

    Wise words. The levels are really helpful, thanks.

    Also helpful are the SPY systems: genius.


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