Currently, I am quite bullish positioned. Overall speaking I think in the middle- and long-term the market is bullish.
However I think for
IWM and 
QQQ there is a quite high possibility (50%) of a fast pull back which is comparable to Feb 2018.
If we ought to see the pull back, it should happpen either this week, or MOnday next week. While I am not bearish positioned, my mind is ready to purchase weekly puts.
My dear readers, what do you think?
However I think for
IWM and QQQ there is a quite high possibility (50%) of a fast pull back which is comparable to Feb 2018. If we ought to see the pull back, it should happpen either this week, or MOnday next week. While I am not bearish positioned, my mind is ready to purchase weekly puts.
My dear readers, what do you think?
Note
if this week we see one trading day IWM trys to fill Monday's bearish gap and fails, then I will exit all my DIA and SPY long positions. If we see two such day, then I will buy weekly puts directly.Note
then I will buy weekly IWM puts directly.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.