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S&P 500 Index
Short

The Fat Lady Must Sing

By DaddySawbucks
Updated
It ain't over till she sings. Overbought, again... gaps to fill near pivot price. More volatility incoming IMO. Trade with care!
Comment
Golden Cross coming but watch RTY, faded so weakly Friday, the rally was all megacaps and banks. Not broad-based, not good. Gonna get more volatile soon IMO.

EVERY correction since 2015 has been a Zig-Zag; expect this to be no different!
Trade active
Shorting the retrace Mon AM after modest gap down. In IWM Nov 225P, QQQ 270P. Bear spreads short midweek dailies.
Trade active
Adding 2 each and enter VCS in Nov SPY 455/467 calls, net credit $2.51, five spreads
Comment
Trades at Resistance, testing pivot price, 4482 reached mid-day, can pivot anytime or creep higher, 4492 target
Trade closed manually
Stopped out. Closed IWM ITM. QQQ... bah. Closed the SPY shorts for a push.
Useless to stand in front of the train, ofc it will sell now, lol.
Chart PatternsgapfillTechnical Indicatorsretracement

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