Ended up taking a small loss on SPY calls in the morning as I was quick to cut the loss as I realized tons of selling pressure as well as the break of support trendline in the morning of todays open. If anybody took puts at the open as I mentioned I would do, you should be sitting on some nice profit right now, I would lock that profit here as SPY is at another inflection point. This is now an hourly chart and a clear doji candle has formed currently meaning we are looking at a good fight between bears and bulls. Break and candle close below yellow box is bearish or break above blue line known as 5ma and candle close above is bullish.
Bình luận:
Support trend line broke premarket, looking like a bloody rapid sell off type of morning, stay cautious and conserve cash or play small
