Thursday, March 9, 2023

A day to take notice

I think the uptrend is cancelled. I think today was "a day to take notice" in the indexes to the downside. 
Other recent days to take notice:
Oct 13, 2022 Bottom reversal bar in SPY. 
Jan 6, 2023 Ignite back up out of higher-low base.
Feb 1, 2023 Above (all but one) trendlines and Nov pivot high.
At that point I declared a new major uptrend. 
Perhaps today it died.
Today was a high volume strong selling day in which we let out levels in SPY, IWM, DIA (major 325 level is gone). Recent relevant bar was March 2, and that is taken out.
Only QQQ didn't give up the ghost today.





I did a lot of trading today. Very nice green day on account in morning trading with notably 2 big wins in JD and with SPY 0dte puts into the close for icing on the cake.
net % g/l
spy112.28
jd89.60
baba50.12
jd46.45
coin21.61
spy7.73
asan-8.87
baba-18.93
asan-24.86
baba-30.12
qqq-55.57

Sampling of the trades...



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