SPY is a long-term investment targeting above $800 by December 2027, after a peak near 780. 750 is major support; breaking it is the first signal to reconsider the trade, and falling further into the channel would mean exiting the position.

Let's take a look at "spiders" next. So yes, the "Lip" contract, many politicians like it, and it's a long-term investment. Therefore, we are looking at a long-term investment in "Spiders".

I hope you can see this clearly now. As the price was knocking on this upper trendline, and we were at our peak two weeks ago, we were around 780 on the "Spiders". Therefore, our goal by December 2027 of next year is to exceed the execution price of $800. Okay . I still like this level right now.

We have seen some selling since then. Yesterday we saw a sharp sell-off in the technology and artificial intelligence sector, but today we are trying to achieve a slight rebound, and with the war escalating and oil prices continuing to rise, the market remains under pressure.

Returns are decreasing slightly in an attempt to help.

But it's not lifting the market as we need to see. So, what could possibly change my mind, Jake? Well, firstly, the most important thing is that the price is now down about $12 from this pivotal peak here, 750.

This will be a major and important support level for the "Spiders". If we break this level, that will be my first signal to decide, do we still like setting up this trade on the "spiders" if we can reach the $800 level?

We are almost at the high levels. We have a much larger downward trend than an upward one . That's why we gave ourselves enough time, years, for this deal to go through. Okay .

If this level is broken, we will check this out. If this parallel channel were on my TradingView account, you would see a dashed trend line here for this channel. If the price drops to this level, anywhere in the middle of this channel, I will check to see if we will get support there for a bounce.

If the price moves downwards, that will be a signal to me that it is time to exit this deal, and time to end it. We will move it to something better.