SPX what a day! Close above 4075SPX
Updated
Now the next target is the ideal extension target 4119+- few points
Ideally we get that number tested by the 5th and see 3750 filled EOM
It was a panic cycle day and I did mention about it many times in my posts.
One was done during my last night update together with the explanation.
We got that a move in one direction above previous high or low, it was up the upside.
Also mentioned that it was holding well during the day and huge calls activity.
I did trade lotto SPY 408 Dec 1st calls, bought 20 at 6.5c on average, exited at 57 and most of it at 1.08-1.35, amazing lotto
Also did few NQ calls, was restriking all afternoon taking profits on those in green, still have 2 running for tomorrow's am exit if not tonight
Careful with being long here as the upside is limited and usually the FED day gets reversed by Fri, will it be the same this time, I dont know.
There is a good short setup around 4120SPX level, no need to chase the market at this point if missed the long play today
Ideally we get that number tested by the 5th and see 3750 filled EOM
It was a panic cycle day and I did mention about it many times in my posts.
One was done during my last night update together with the explanation.
We got that a move in one direction above previous high or low, it was up the upside.
Also mentioned that it was holding well during the day and huge calls activity.
I did trade lotto SPY 408 Dec 1st calls, bought 20 at 6.5c on average, exited at 57 and most of it at 1.08-1.35, amazing lotto
Also did few NQ calls, was restriking all afternoon taking profits on those in green, still have 2 running for tomorrow's am exit if not tonight
Careful with being long here as the upside is limited and usually the FED day gets reversed by Fri, will it be the same this time, I dont know.
There is a good short setup around 4120SPX level, no need to chase the market at this point if missed the long play today
Note
Also note it has to stay above 200MA for at least 2 day if not more to confirm a breakout, usually it spikes up above and sell from there, at least to mark temp low for now.I still dont believe we get Santa Rally, Im sure this is the one now and it will be Santa Crappy EOM close!
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