spx at critical support: im short (uvxy)

spy daily is deep in the red. this is making me think were near max pain as it is near critical support. im capitalizing on the chance that vix goes down from here for a while.

Trade active

good to take some profit around halfway mark and move stop loss up in case we break day high and bull fakeout

Trade active

if we set a lower high reshort is on the way

Note

if we dont break 13.85 just cover the rest

Trade closed manually

doesnt seem to want to compress any more than that

Note

if we set a lower high under 14.28 and break 14.14 possible to reshort toward 13.79

Note

reshort if we set a lower high than 13.89

Trade closed: target reached

covered

cerealtrades

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