Look where it rests and think again about selling short at support. Just an observation!
Pivoting soon to new ATH IMO; Oversold.
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Calls I bought EOD and more this morning made bank. TRADE WITH CARE! Triple Witching, could sell it all back again!! Expect Bullish next week!!
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Yeah like putting out fires with gasoline now ffs!
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Anythiung can happen Monday. Might rollover and double tap the 50 MDA. Pure gamble atm. Wait to see what it's doin before you try to guess where it's goin IMO!
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Look what they did, back to the ath in a few hours fgs! NQ approaching resistance. No shorts yet!! Hold nothing! Be Wary, be safe!
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Played PowerHour for another few bucks in 10 SPY expiring 443 calls, paid .28c at 2:50, sold em for .68c at 3:30, fun play EOD on Friday short-covering pump.
Holding NOTHING over weekend. Often see selling Mon AM after Fri PM pump. Could just be more bullish. Pure gamble what it does next week, likely to creep higher IMO.
Its the best opportunity we have had to get long in some time - jobs numbers were not great so tough 'taper' on that news.
I'm with you - be watching my indicators for signals - that said when we ticked 4412 on Tuesday that was a naked point of control - and we bolted up to 45
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@Maximilianned, The first leg down often provokes a buying panic. Didn't last long. Bearish moves usually only 3-5 days, here we are.
Higher next week again IMO, most ATH occur in September, often in first week.
4hr chart says more there - but the chips I've earned are in the bank. Although I left money on the table - its hasn't this easy in while.
I'll wait patiently for a pullback (if there is one) and ride this crazy train. Too soon to short again - barring any media bomb.
I think next week we're probably back to more grindy trading.
Make sense - nope, do I care? I don't. Is the @The_Unwind right? Sure - one day, and maybe soon. But we're not investing - we're trading it.
I thought there would be more vol today as an aside with OPEX. Kept watching the VIX it kept saying go.
Have a great weekend.