My trading plan for today is to sell puts from yesterday in
order to rebuy them near the close today. My rational for this is
that a hanging man candle is produced by funds selling and bringing
back up to give an impression of continued uptrend or by short
sellers entering positions and buying a bit of that back for the
same reason.
SPY puts looking good
Posted by retirefire on 13th of Jan 2023 at 08:33 am
SPY puts looking good
My trading plan for today
Posted by junkie on 13th of Jan 2023 at 09:24 am
My trading plan for today is to sell puts from yesterday in order to rebuy them near the close today. My rational for this is that a hanging man candle is produced by funds selling and bringing back up to give an impression of continued uptrend or by short sellers entering positions and buying a bit of that back for the same reason.
A reversion to the mean is the strategy.
I am now looking for
Posted by junkie on 13th of Jan 2023 at 09:47 am
I am now looking for a gap fill to restore a sold put position. /ES targets are 3980 and 3995. Fridays are usually range days.
3989 ES Resistance (Initial)
Posted by steve on 13th of Jan 2023 at 09:48 am
3989 ES Resistance (Initial)