Now we see that the SPY has made over 12% drawdown since it major top in 04JAN22. Currently the correction in the Nasdaq Composite reached -19.72% peak to trough while the Russell 2000 came off -21.44%. This is the largest correction in the general market since the Covid crash in March of 2020. However, this indicator is a sign that we might not be out of the...
This is a set of charts that I use as a dashboard to quickly judge the amount of risk I should be taking. Here's my checklist for judging how long I should be and if I should BTFD or STFR: Chart 1 (top most chart, ES1!) 1. Bollinger Bands: a) Are we in an overbought/oversold situation as judged by the Bollinger Bands? 2. RSI a) Are we in an overbought/oversold...
I went #ALLIN today. #literally These last two days of this week will be so crazy for trading. Be excellent. More Calls than Puts Tomorrow. Be Mindful. Take profits when you can... 25% is good. Dont be Greedy and get only 12% Volatility will be up there but not what you can expect.