The Fat Lady Must Sing

It ain't over till she sings. Overbought, again... gaps to fill near pivot price. More volatility incoming IMO. Trade with care!

Commentaire:

Golden Cross coming but watch RTY, faded so weakly Friday, the rally was all megacaps and banks. Not broad-based, not good. Gonna get more volatile soon IMO.

EVERY correction since 2015 has been a Zig-Zag; expect this to be no different!

Transaction en cours:

Shorting the retrace Mon AM after modest gap down. In IWM Nov 225P, QQQ 270P. Bear spreads short midweek dailies.

Transaction en cours:

Adding 2 each and enter VCS in Nov SPY 455/467 calls, net credit $2.51, five spreads

Commentaire:

Trades at Resistance, testing pivot price, 4482 reached mid-day, can pivot anytime or creep higher, 4492 target

Trade fermée manuellement:

Stopped out. Closed IWM ITM. QQQ... bah. Closed the SPY shorts for a push.
Useless to stand in front of the train, ofc it will sell now, lol.