Well, here’s the good news, the market is rallying and call spread is recovering nicely. Actually it was down too much anyway as the VIX rising actually helped it. But the bad news is that I won’t be getting a second long position if the market doesn’t dip one more time. Either way, I’m fine with that and will be happy with my small long position and staying in cash with the rest. 🙂
I got today wrong on gaping up over the resistance levels, but I still see more upside into next week. Do you see the same? If so, what is your target before we finally peak and rollover?
You mean long? I went long too early yesterday. I should have waited until today. I do see it bouncing and rallying back up some next week. I don’t think this rally is done yet.
Red I will bail my position if it goes below 1163.
Well, here’s the good news, the market is rallying and call spread is recovering nicely. Actually it was down too much anyway as the VIX rising actually helped it. But the bad news is that I won’t be getting a second long position if the market doesn’t dip one more time. Either way, I’m fine with that and will be happy with my small long position and staying in cash with the rest. 🙂
Now you tell me… LOL.
I don’t use the calibrator on Fridays Red.
The 1187 level will be hard pressed to get to this level today I would say early next week.
I believe this rally is not over with. The rally should extend into next week. I certainly see the very least 1187 on the sp
I got today wrong on gaping up over the resistance levels, but I still see more upside into next week. Do you see the same? If so, what is your target before we finally peak and rollover?
Yes long, at the 61.8% entrancement level. 1167 area
You mean long? I went long too early yesterday. I should have waited until today. I do see it bouncing and rallying back up some next week. I don’t think this rally is done yet.
Bought 1/3 of a position at 1167 for a 2/3 position in the sp