December is slow and low volume, and the bulls just are there to prop up this fizzling market right now.
I think our next major stops are:
255 SPY
and / or
FOMC news release on December 19
If the fed maintains their hawkish stance, be ready for MORE PAIN.if they even hint at dovishness, be ready for a rocket to the MOON. Dont gamble on the move, trade the news bounce!!!! Message me if you have questions.
Does the same stance apply when playing options on bank stocks?
WillNixTrading
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@BloodSweatBeers, haven’t been looking too much at the bank stocks but I am not very bullish on the XLF. With that said I believe it actually had a good day.