T3 Live on $SPY (Nov 9, 2026)
SPY is very broken even at 740, with 732 the prior week's low as reference; while holding a lot of cash, the speaker doubts any bounce can retake Friday's high or retest 750 and expects rejection near 742, a bear flag into the 200-day, where it will be trouble.
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You have the spies up five. You have the Q's up three.
Spies need to be S&P needs to be 5% off. So, like, well, why don't you put it in the Q's or the IWM or in this or that? I'm like, because that's not the process of the blood in the street account.
Blood in the street account only goes to work into an S&P BCAP fund that correlates to the S&P and that's at Bright House and it can only be done at the end of the day. So on Thursday from the trip because I like to keep everyone involved with Red Dog what I'm thinking.
I did put 25% not a third to work. I put it in here. Okay. On the close at the 200 day it was about 6% off the highs. We'll calculate that. So what do you know? 732 is now your low.
That's your la that's your point of reference from last week. 732. Question is what kind of bounce do we have? Okay. Will will it be able to take back Friday's high? Will we retest 750?
Those are the other two points right there. Okay. All in all though, um, very broken. Thank goodness we're in tons of cash and we'll see. Right now, the spies are 740. So, um, for today, some might be like, "Hey, Red Dog, I'm shorting the spies up five.
It doesn't deserve to be a five." Okay. Well, you could short verse 742. That's the high from Friday, right? Does it have enough power to get above this 742 because that's the high here or not?
And if it does, then there's a bit of room here. So, we'll see if it wants to get rejected here and build a bare flag next time it comes into the 200 day. You know, it's going to be trouble.
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T3 Live has 11 calls on this stock; only the adjacent ones are shown.