Strong Buy SPY by Apr 6, 2025.

161.8% extension of first leg down from all time highs tested Fri in addition to long term support. Dealers will initiate the bounce to reduce exposure on downside and short covering will carry it up to render most panic puts worthless before resuming down. Lots will fight it only to lose money. Fundamentally oversold given the economic conditions. Bought 530/535 calls into close Friday. less