Hello everyone,
This is the plan for shorting SPX...I want to see a swing failed pattern before pulling any trigger. We might squeeze even higher at 4350 so i would be quite cautious at this point. The fed changed their tune so these things can tank, especially with a black swan like China reopening. If they reopen expect risk assets to rally very aggressive into year end. From a seasonality point of view SPX santa rally starts 21st Nov and "bottoms" in around mid december before ripping higher. We will take both trades(short confirmed by seasonality mid december) and long after. But we will see how it plays out. Careful managing risk during this volatility periods
This is the plan for shorting SPX...I want to see a swing failed pattern before pulling any trigger. We might squeeze even higher at 4350 so i would be quite cautious at this point. The fed changed their tune so these things can tank, especially with a black swan like China reopening. If they reopen expect risk assets to rally very aggressive into year end. From a seasonality point of view SPX santa rally starts 21st Nov and "bottoms" in around mid december before ripping higher. We will take both trades(short confirmed by seasonality mid december) and long after. But we will see how it plays out. Careful managing risk during this volatility periods
Trade active:
Shorted... i was not sure of the trade but now i am
Trade active:
gonna take some profits here... Idk what will drive the markets from here on..SL moved at BE
Trade active:
taking some extra profits here. Leaving rest to run. The fed smashed the markets lol
Comment:
Still in the trade...waiting for further developments.
Trade closed: stop reached:
Stopped at BE...I think down we go till mid december