It might even test the daily 50MA. If that's the case, we could get to ~2900 first, which is also the 61.8% retracement.
DEJA VU, again: Setting up BULLS for another smash down.
Started by
dTraderB
, Apr 05 2020 09:03 PM
14 replies to this topic
#12
dTraderB
-
- Traders-Talk User
- 17,437 posts
Member
Posted 07 April 2020 - 08:35 AM
added SPY PUTS.
19 total
#13
12SPX
-
- Traders-Talk User
- 12,582 posts
Member
Posted 07 April 2020 - 09:18 AM
Yes I'm adding some shorts up to 2735, can't believe the inflated prices of the calls!! Even ones expiring tomorrow are up there even a 100 points higher!! Way to bullish!!
#14
dTraderB
-
- Traders-Talk User
- 17,437 posts
Member
Posted 07 April 2020 - 01:42 PM
bought 2 crude
basically daytrading spy PUTS
great market action to do that
#15
dTraderB
-
- Traders-Talk User
- 17,437 posts
Member
Posted 07 April 2020 - 07:28 PM
What a day! a great day with trades in Crude, SPY PUTS, and NQ daytrades, but more time spent on actually daytrading SPY PUTS - not intentionally but because of frenetic action up and then down. Still holding 16 SPY PUTS and 4 CRUDE LONGs. Will hold CRUDE LONG for a while and add if it declines ... this is a longer than ST trade unless CRUDE jumps 25 % or more, in which case I gladly take my profits.
Not risking a reversal from below SPX 2600 so I will quickly exit SPY PUTS in a such case. Want to move in and out quickly in this manic market environment rather than holding positions for more than a week or two.
May buy VXX if it plunges below 25 on any rally.
