 Good afternoon everyone and welcome. This is Melissa Armo with a Stock Swoosh and I'm reviewing the spy Wednesday March 23rd So this morning I did a market video and I said the market's probably going to be bearish today unless We gap up More and actually hold on one second. Let me go back to the pre-market. No What time did I do that? Well, it was like around here. We weren't gapping up slightly Slightly just a baby gap in the morning and instead of following through higher Which I said there was a possibility we could do to go higher on the day We didn't we ended up gapping lower than where I originally did the video in the morning Open today was two or four eleven. So we came in Since tomorrow's the last day before the holiday Friday the markets closed I don't I don't know where we go if we got down will fall if we got neutral will fall The only way we hold is if we gap up and we have to get up up a lot and and who knows we might There's a lot of econ out at 8 30 a.m. Tomorrow before the open one hour before the open So there's a chance the market could gap up The only way we rally tomorrow is if we gap up enough or gap down a lot If it's neutral or small gap down will drop So just to let you know but going back to what I was saying earlier the market's still higher Why don't we fall tomorrow? Close out the week before the holiday a little bit down. It doesn't matter. We've had a beautiful rally We've all we've had like I said earlier since the February 11th trading session We've had one two three four five six seven if you include today Seven days and more than a month. We've had red days. That's like nothing So we've had a lot of green days in the market. We've had a lot of buying in the market The short squeeze I've talked about hasn't even even actually happened The short squeeze I mean, there's a lot of different levels in here. Let me just find the biggest level actually It's like 208 209 remember these are areas. This is the area that I think can really Squeeze the shorts before the high, but this is actually a deeper area than it's 209 Once we get over 209, we should just continue and blow get the short squeeze shorts We'll give it up or most of them not all them some will still wait to the high But we'll go over the high too and the market will continue higher beautiful market nice rally just a hundred percent Retreatment from the drop-off from last year that happened in a few weeks. Now, let's look at the call I made the call of a lifetime in the spy. We're gonna look at the options chain It's after hours 531 Eastern time So Well, let's look at the end of September. Hold on now. I'm gonna point out a couple of things Right now the markets. This is the close two or three twenty Okay So so in the money Obviously, it's not September but end of September and the money calls right now for the spy are worth $9 now Just follow me here Now I'm saying we will get over the high previous high was approximately 214 Out to September. That's worth 344 355 close of today. So that you see here will be closed to a three This is only $11 away. We made a hundred percent retracement Back up through from the last month from February 11th We actually rallied almost 12% in the market of the complete amount of the market So get back up here to 214 is not even as much as the rally that we have from 181 to the low to 205 ish, okay Just follow me here. So what I'm saying is very interesting here because it's almost like nothing at all is moving Since this 230 level and that's not even that far away So September we're talking about September mid-September and a September whatever you want to do And you could even go out longer. I mean, whatever you want to do now But I'm telling you the market's higher So this is a little expensive to buy it here over the high. What could it be worth? Well, that's what I'm saying This could be worth $9 plus So it's a good return on investment and if you buy these other ones here 230 240 250, okay? These are really really good. Why well first of all the 240s are ridiculously cheap 3 by 7 That means you could probably put an order out You'd have to put it between the ass in the bed and you put it out Maybe like a five so if you wanted to get 50 contracts, which is 5,000 chairs and spend This is ridiculousness actually for the amount of money you have to spend. This is so ridiculous. It's not even funny It's it's actually ridiculous calm. I'm saying here. It's the same call I gave us a call of a lifetime because let's just say alright in an ideal world. Let's say it went to 250 by Before September you bought the 240 calls you were $10 in the money at 5,000 contracts 5 that well no, I'm sorry 5 50 contracts, which is 5,000 shares 5,000 shares times 10 is what $50,000 so your profit will be $50,000 minus the cost of this Which if it was five cents five cents times 50 is what $250 so your your your possible risk to reward is is actually ridiculous Let's just figure it out. You spend $250 and you make 50 grand if it goes to 250. This is really funny five cents divided by No, I wanted to do five cents times 50, which is 250 to 50 divided by 50,000 hold on That's a 200% return investment 200% 200% return and investment You got time you got time these are not gonna start moving until 209 to 10 So you got today you got tomorrow you got Monday, you know, we're at 203 34 into the close I think we're gapping down here pre mark our post market. Let me look No, this is like actually we're gapping up, but it's really neutral Anyways, the point I'm trying to make is this is great call. I made call the lifetime this by I sent it out on my email list You still have time to get into it You probably got a week a week because anything can happen between now and the beginning of April April 1st is next week This is really incredible and one of my students did it He took a crazy amount of size. He's already doubled his money in it and I'm in it I'm in it since December. So I've got to get back. I've I've got to get back me personally with the trade I'm in I Gotta get back to the 209 210 from the rear originally took it which which should happen in the next week So congratulations to everyone who has followed my spy call We are looking for a target of 250 between now and fall late year 2016 what's going to determine if we get there by August or September or December? well How fast the buying comes into the market how the short squeeze plays out When do we get the blow number? The blow number keeps getting lower because originally I thought the blow number was 222 25 Every time I've seen them watch the market now the blow number keeps getting lower and lower I'm saying 209 210 215. So you know what I'm saying? It's actually good The blow number is total short squeeze huge amount of buying new people coming to the market Whether that's 209 210 or 215. I don't know. We'll have to play it on a watch and see. Good luck. Everyone. Have a great Wonderful fabulous holiday weekend Email me on the list at the stocks wish comm if you would like more information And if you would like to learn the golden gap class the next class dates are April 2nd and 3rd for the bearish class April 5th 6 and 7th for the bullish class and The price of the class is going up as of April 1st If you want to do the course you get free retakes no matter where you live online You can do it but the last date to sign up for the current price is March 31st Have a wonderful evening everyone email me at Melissa at the stocks wish comm if you would like more information And have a fantastic holiday