The Measured move of this triangle has been reached. I had a good strangle trade on IWM with calls/puts purchased before election. Strangles are terrific strategies when you know a big move is coming and the leverage of options can 5-10x or more in these type of moves. I'm now hoping for a pivot down in the market.. it could be mild- I don't know. We could melt up until end of 2022 but I'll be patient for retracements.
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s&p in a very different place compared to small caps (es1!) e-mini at an apex on this wedge
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WOW, WHAT A MOVE TODAY. No clue where the pivot will be.. ripping