The trick today is to sell the close and cover the day after tomorrow at close. I have no idea if the trick will work or not this time because according to what I mentioned in the yesterday’s recap, a small red or green today will probably mean that the market was bottomed. Besides, a potential VIX ENV Buy setup could be triggered if tomorrow SPY open < tomorrow SPY close. I will discuss this in details tonight, overall, signals seem favor bulls.
Disclaimer
The information contained on this website and from any communication related to the author’s blog and chartbook is for information purposes only. The chart analysis and the market recap do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor.
This websites provides third-party websites for your convenience but the author does not endorse, approve, or certify the information on other websites, nor does the author take responsibility for a part or all materials on the third-party websites which are not maintained by the author.
