Happy noise from Fed Powell could be the catalyst. If it fails, this price zone will be a mesa top. GLTA!
NO positions, NO shorts, NO Longs, just Patience.
Made beer money off the whipsaws. NO PLUNGING!
NB: Do not expect a big tankoff immediately after the ATH, it will often hang for days or weeks around the high price zone and retest ATH 2-4 times.
If you short too early you get severely punished!
Made more chump change flipping puts midday. Do not buy and hold puts here! Scalping only.
throwover soon IMO
Thursday usually weakest trading day of week, but coming off 2 days' consolidation, with a green close EOD today, I expect it might Bull for two days... pure guesswork, not taking any large pos, been tooling around in 10-20 contract lots. Not my usual 100 puts, LOL.
FYI, TBVH I cleared all of a hundred bucks today and damned happy not to have another drawdown from chop and whipsaw.
Capital preservation >>> making bank...