Well, I went to lunch thinking the market wasn't gonna do much more and then it tanked, lol. I don't think it was the algos selling off today, I think it was actual stock selling. NQ MFI barely moved.
Powell keeps crushing the market, so I think the market is toast. Doesn't mean you can make money off of puts every day. Wish I was paying attention though because I definitely would have short bitcoin or GM as I mentioned earlier, lol.
Be careful going long on anything for a while. I really wouldn't hold a long position overnight now.
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Aside from warning everyone that the market was gonna whipsaw, I wasn;t of much use today. At least I warned everyone.
Indicators are not working right now on these central bank news, Sweden and US Fed, wasn;t a good week to trade. I lost money myself holding GM calls Monday night, though I made a grand in my 401k with PCAR again.