Bought the dip around 2780, 2770 close stops me out.
Nearly every Fed decision the initial move gets reversed.
Edited by CLK, 13 June 2018 - 01:27 PM.
Posted 13 June 2018 - 01:26 PM
Bought the dip around 2780, 2770 close stops me out.
Nearly every Fed decision the initial move gets reversed.
Edited by CLK, 13 June 2018 - 01:27 PM.
Posted 13 June 2018 - 02:56 PM
Closed day trade small loss. Closed core long as well, flat. This market needs a 50 point wave 2 correction.
I will get interested above 2800.
Posted 14 June 2018 - 12:29 PM
Went back long, $2 ITM instead of $8 for the 25th. Market seems to be holding up.
Posted 15 June 2018 - 10:02 AM
Doing nothing, 2770 still held 11am.
Posted 15 June 2018 - 09:04 PM
If the market turns down, I will be reluctant to short it, only with a small position, the reason is VIX is under 15 and
it looks like a bull market again so I think it will not drop much. I don't want to chance a big short and have an instant reversal.
It's only in high volatility that you get big moves long and short, in low volatility it doesn't pay to be bearish. I could be proven wrong
just have to filter with context some, can't expect the market to always be the same.
Posted 19 June 2018 - 05:54 AM
Looks like not shorting was a bad decision even though I closed all longs. VIX is approaching 15 again.
The assumption of one down brick is all we get was wrong, it's leaning toward the bull market is not
back, I guess I will have to short a small position and take a drawdown. The market gave a bounce off
2770 signal to 2780 and I didn't take it, just a 10 point stop to 2790 would have been worth the risk.
Need to trade more mechanical and watch the volume for a reversal.
The TL is now resistance, looks ugly.
Posted 19 June 2018 - 08:55 AM
Short 1/2, July 6 276P $3.23, limit order in for other half at $1.50 on a bounce.
Posted 20 June 2018 - 05:10 PM
Volume is in bearish territory now. Expecting a resolution to the downside, so much so
that I tripled up on my short position.
Posted 21 June 2018 - 06:01 AM
System indicates 2750 is a lock now, beyond that anyone's guess.
Posted 21 June 2018 - 09:13 AM
Added to short on the open, now up to around 35% of account.