Monday, July 18, 2022

be skeptical of bear mkt rallies

In a bear market, be skeptical of rallies. 
Today was a great example. 
At the open, I thought maybe we would trade above this wedge. QQQ also was close to the break level. But, you know, "something happens" (today was it aapl news?) and it suffices for a catalyst for fear.



SPY








I got some spxs in my plum(swing) account, and I made a little smidge on SPY 0dte puts, but I traded it too scared bc expiration and the move came at 3:40. Coulda shoulda. Peace.



Popular Posts