S&P 500 IndexLong
Planning SPX Longs into A Break Lower
Updated
SPX made the top off the 2.61 and today on the news of rate cuts it slammed to the implied target level for that.
Hit targets on a lot of my shorts today. Have some extremely deep OTMs still running but these are a nominal part of my risk and just there to benefit from a super rejection of the macro 4.23 fib.
In terms of nearer term swing assessment, we're now getting close to the level I think we'd be likely to find support if this is a bull move that is just having a flash crash correction.
Planning to start picking up longs if we spike down closer to 5800. Will likely buy deep OTM calls at this price if we hit it.
Broadly speaking risk off on my positions at the moment. Banked most of my profits. Don't plan to do much trading the rest of the year.
Do plan to do a lot of trade plan prepping for decision at the macro inflection point.
Whatever way it goes, my hypothesis is we're going to see faster and faster markets going forward. Great times to be a trader. I want to make sure I'm prepped to benefit from any of the "Known" outcomes that fit inside my strats.
Hit targets on a lot of my shorts today. Have some extremely deep OTMs still running but these are a nominal part of my risk and just there to benefit from a super rejection of the macro 4.23 fib.
In terms of nearer term swing assessment, we're now getting close to the level I think we'd be likely to find support if this is a bull move that is just having a flash crash correction.
Planning to start picking up longs if we spike down closer to 5800. Will likely buy deep OTM calls at this price if we hit it.
Broadly speaking risk off on my positions at the moment. Banked most of my profits. Don't plan to do much trading the rest of the year.
Do plan to do a lot of trade plan prepping for decision at the macro inflection point.
Whatever way it goes, my hypothesis is we're going to see faster and faster markets going forward. Great times to be a trader. I want to make sure I'm prepped to benefit from any of the "Known" outcomes that fit inside my strats.
Trade active
Entered Trade closed: target reached
Trailing stops hit 6033
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