Today gives me some info. so will be looking to how the market acts from here.Does it take out yesterdays high or low. And at that time does the internal action of the S&P agree. When these two events happen either long or short I will them be entering my trade.
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I took this trade at the spot mentioned, The S&P had 89% of the stocks moving lower and the MAGNAT stocks where not looking good.
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Didn't give lots of heads up but sure hope someone jumped on with me
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Closed the days scalp with 48 points in ES, and Iron condored the credit call spreads put on at same time.
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300 Credits in 5 wide IC in SPX 4080/4075-3925/3920 3dte
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I adjust by rolling or closing this iC before it goes itm, this locks in the past theta and the spread i got on legging in.