Just thought I would reanalyze the chart again to see if I missed anything. I have to be bearish based on my analysis. Waiting on a confirmation so that I can start this trade. The whole market is indecisive at this time so any SWING* trade we take will have higher than normal risk. Hopefully, we get the directional confirmation after tomorrow's event. 1 month out strangle or the iron condor offers the best r/r. As a contract flipper, I am on the sideline however, I have puts on ADBE, SPX, V, AXP, BABA. I am also trading October contracts on CMG puts, however, it is not working out good. Making chillers for now, can't wait to make some real money.
I think we got some bearish news. However this one is more concerning: www.cnbc.com/2019/08...hares-in-august.html
I think we got some bearish news. However this one is more concerning: www.cnbc.com/2019/08...hares-in-august.html
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Gan Model on NDX is working however, I'd be cautious.
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Party tonight!
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Trade active