I've seen the market break out upwards from a (most notably AMZN ), so no guarantees, but like I said, if the market goes up tomorrow, I'm done shorting stocks except for . Can't fight a melt up, even crappy stocks get a lift when they pump 90% of stocks.
Right now, it's back testing the melt up line....
I'm gonna let it ride until Friday morning. Funds will probably be buying on Friday afternoon as people come in late to the party.
Maybe I'll make some money on my puts... really wish I hadn't got headfaked by the gap fill this morning. Could have done the same thing as yesterday and flipped and rebought at a higher strike.
Could be a bear flag though, which means another 30 pt drip
We'll see if the market shows any weakness in the afternoon. Keep in mind tomorrow is Friday payday, when money flows into 401k plans.