Of course, it was the PPT! YES, there is PPT!
Now, the PPT today is vastly different from the PPT in my youthful days.
One can imagine Larry literally begging and cajoling the PPT to step in..... but that's just imagination.
SPX bounced off the lows two trading days ago, over the 2690 level and then challenged the next target, SPX 2710, but was rejected
After that, the markets sold off in a fairly steady manner until there was more tariff threat talk that led to a full-blown collapse.
But, as the markets threatened to crash during the final 15 minutes, the PPP rode to the rescue and cut the daily SPX losses by about 50% in a matter of minutes.
I had a great NQ trading day and closed my 6 QQQ puts with a good profit, am now left holding 6 JAN 160/162 QQQ calls (4/2), with maximum possible loss of about 20% of the premium.
Got to rest after this
Edited by dTraderB, 29 October 2018 - 03:05 PM.