My trading plan is to close a SPY put I opened today on Monday
or Tuesday when the squeeze on /ES is exhausted, and let the market
bounce into Wednesday, and to rebuy that SPY put into your target
for wave 5.
On a second thought, wave 4 may still be in progress and
today's drop is a minor b down to be followed by c up into FOMC. I
see a low-compression squeeze firing on 2-hour charts, and we lost
EMA(21) on the daily /ES March23. 3888 (1 ATR) is the next target
for me. Your target is near 2 ATR. Once the squeeze is completed,
it will be obvious whether wave 4 completed or not.
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My trading plan is to
My updated trade plan for SPX https://schrts.co/IWVxJQVt
Posted by junkie on 9th of Dec 2022 at 06:37 pm
My trading plan is to close a SPY put I opened today on Monday or Tuesday when the squeeze on /ES is exhausted, and let the market bounce into Wednesday, and to rebuy that SPY put into your target for wave 5.
On a second thought, wave 4 may still be in progress and today's drop is a minor b down to be followed by c up into FOMC. I see a low-compression squeeze firing on 2-hour charts, and we lost EMA(21) on the daily /ES March23. 3888 (1 ATR) is the next target for me. Your target is near 2 ATR. Once the squeeze is completed, it will be obvious whether wave 4 completed or not.