SPX watching for the rug

    Posted by fundamentalvalues on 18th of Jul 2022 at 09:57 am

    SPX watching for the rug pull at resistance here. Target is gap fill lower if it takes hold, 3,863 area 

    Rug pull in process, SPX

    Posted by fundamentalvalues on 18th of Jul 2022 at 01:18 pm

    Rug pull in process, SPX lod. 

    Outstanding call. Very timely

    Posted by timebandit on 18th of Jul 2022 at 04:03 pm

    Outstanding call. Very timely

    Thank you!  I got long some

    Posted by fundamentalvalues on 18th of Jul 2022 at 04:19 pm

    Thank you! 

    I got long some SPX again on the close via SPXL just in case they want to send it back up. Not a full position. Got to sell good rallies in both directions. 

    That 3,790 (gap) or 3,800 area looks like a test area unless something changes with earnings or other news. Will adjust when the market decides what it wants to do. I made a good bit on LABD today against my remaining LABU shares. Grabbed some more of those too at $7.99 and still hedged there just not as heavy as before. Will keep trailing all instruments. 

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