RSI 14 cannot follow the SP500 record highs... This is a clear sign that the uptrend is exhausting and reveral is coming.
Yesterday record bar also closed near the lows meaning that this SP record was more an opportunity to sell rather than keep pushing higher.
I have played this trade with SPY put 287 - 28 Sept @3.95
Yesterday record bar also closed near the lows meaning that this SP record was more an opportunity to sell rather than keep pushing higher.
I have played this trade with SPY put 287 - 28 Sept @3.95
This is the surprise of the stock markets ! That is why i play with options because it gives me a month more to see the decline...
The 8/27 gap should get closed soon hopefully...
This trade won't be a big winner, but i'm confident we can get at least our purchase price back :)