Currently, I am quite bullish positioned. Overall speaking I think in the middle- and long-term the market is bullish.
However I think for $IWM and $QQQ there is a quite high possibility (50%) of a fast pull back which is comparable to Feb 2018.
If we ought to see the pull back, it should happpen either this week, or MOnday next week. While I am not bearish positioned, my mind is ready to purchase weekly puts.
My dear readers, what do you think?
However I think for $IWM and $QQQ there is a quite high possibility (50%) of a fast pull back which is comparable to Feb 2018.
If we ought to see the pull back, it should happpen either this week, or MOnday next week. While I am not bearish positioned, my mind is ready to purchase weekly puts.
My dear readers, what do you think?
Comment:
if this week we see one trading day IWM trys to fill Monday's bearish gap and fails, then I will exit all my DIA and SPY long positions. If we see two such day, then I will buy weekly puts directly.
Comment:
then I will buy weekly $IWM puts directly.