SPX took a 1/3 position near the premarket lows for a faster
trade via SPXL. A lot of times smaller weakness can be an
opportunity and the gap will fill from Friday's close. If I'm wrong
then I'll just hold this portion against my 2 entries of short
position as a hedge.
Here's the gap fill that I was looking for on this trade and
more so I'll take profits near the highs in premarket here 3,920s
area resistance. I like when I wake up and the move is already
made, book profits, and move on.
Fill a gap with a gap, if it holds up in the cash market, then
there will now be a new gap below at 3,871.98 from yesterday's
close. Three more below that. Increased risk with those gaps
eventually, just no idea on timing.
SPX took a 1/3 position
Posted by fundamentalvalues on 31st of Oct 2022 at 09:17 am
SPX took a 1/3 position near the premarket lows for a faster trade via SPXL. A lot of times smaller weakness can be an opportunity and the gap will fill from Friday's close. If I'm wrong then I'll just hold this portion against my 2 entries of short position as a hedge.
Here's the gap fill that
Posted by fundamentalvalues on 1st of Nov 2022 at 06:59 am
Here's the gap fill that I was looking for on this trade and more so I'll take profits near the highs in premarket here 3,920s area resistance. I like when I wake up and the move is already made, book profits, and move on.
Fill a gap with a gap, if it holds up in the cash market, then there will now be a new gap below at 3,871.98 from yesterday's close. Three more below that. Increased risk with those gaps eventually, just no idea on timing.
Had to take the detour
Posted by fundamentalvalues on 31st of Oct 2022 at 11:56 am
Had to take the detour though almost there, gap fill target, Friday's close is at 3,901.