Nailed SPX Levels! Where I See Market Pulling Back To Next

Ryan
6 min readMay 25, 2024

| I enjoy listening to portfolio managers take on the markets and condense what I learn in my articles for my readers. So far, the results have been correct … and lucrative!

Wow! So much has happened since my last update:

  • Nailed Bitcoin surge prediction for May 20, 2024
  • Nailed SPX Support and Resistance for this week
  • Nailed NVDA $950 stall point and $1,000 Price Targets

I wouldn’t say I’m always right … that would be impossible. But, I could say I got lucky and foresaw the ‘writing on the wall’ and appropriately prepared for it by increasing my Bitcoin exposure prior to May 20, day trading SPX and /ES for profits, and drooled at the pop in my large exposure to NVDA via the NVDY YieldMax Covered Call ETF.

YieldMaxETFs.com: 50% annualized yield from selling covered calls on NVDA, and uses Treasuries as collateral for the synthetic long position on NVDA.

My exposure to NVDA is only through the NVDY income ETF. Their last dividend was $1.199 per share. Their distribution frequency is MONTHLY. The dividend fluctuates, but so far since inception has been between $1–$2.60/share. The monthly income can be DRIP’d or taken as cash to your account to use or reinvest in other funds.

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Ryan

Insider Tips & Resources for passive income w/ focus on trading, crypto, and affiliate marketing. Top Writer on Medium.com for Investing and Finance