Personal notes for learning purposes
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FOMC rate hike decision is tomorrow and CPI comes out Thursday, so I plan on waiting until at least 9:30am on Thursday.
I'll be looking for $3835 to either break on strong volume , or provide equally strong support. I plan to go long till at least $3948, and then possibly till $4095 depending on how strong the volume has been. I plan on exiting this trade before Nov 18, and looking for short positions above $4050 (ideally around 4140 - 4160).
If SPX closes below $3830 tomorrow or Thursday I'll be shorting to $3775, $3650, and $3520.
I anticipate a touch - and bounce - off $3390 before Jan 1, though $3290 and $3160 is not out of the question (though improbable IMHO).
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FOMC rate hike decision is tomorrow and CPI comes out Thursday, so I plan on waiting until at least 9:30am on Thursday.
I'll be looking for $3835 to either break on strong volume , or provide equally strong support. I plan to go long till at least $3948, and then possibly till $4095 depending on how strong the volume has been. I plan on exiting this trade before Nov 18, and looking for short positions above $4050 (ideally around 4140 - 4160).
If SPX closes below $3830 tomorrow or Thursday I'll be shorting to $3775, $3650, and $3520.
I anticipate a touch - and bounce - off $3390 before Jan 1, though $3290 and $3160 is not out of the question (though improbable IMHO).
Commentaire:
Opened a PUT at ~$390 on SPY and closed it at $373 for 100% gains. Will short again when it breaks $3700.
