Here is the map. Dex posted the same set up yesterday with his chart. The weekly 10ema/50ema is basically the same thing as the 50 day and 200 day. The 10e is well abv the 50 e right now, so as we approach spx 3250-3325 that would be the time to pull the trigger, and hopefully at the August monthly expiry the 21st. Then just reload around Tgiving or 1st week of December. 50% profit in a year. Thank J POW when you pay your capital gain tax bill in 2023.
Yeah great advice, and thank you! So I will be selling in August this year.
And not paying cap gains if I sell in August 2020. Thanks to tax differed IRA's and Variable Annuities.
Reason I got into VA's because you can invest unlimited amounts and 100% tax differed. Only negative with VA is the .25% extra charge for death benefits. That is worth the cost because you can shove in millions in VA's.