At this stage, I am not adding any bullish position on major index (still holding 2020 DIA calls and July IWM puts now), as there will be too much to lose (green arrow) if we really go down from here.
Nonetheless, I think there is a 70% chance bulls will be in control. Today's price move is quite bullish. price jump over double resistances (red pivot) on SPX and DJI (price also jumped over 200 MA for DJI).
i bought some next Monday 276 calls as lotto.
Nonetheless, I think there is a 70% chance bulls will be in control. Today's price move is quite bullish. price jump over double resistances (red pivot) on SPX and DJI (price also jumped over 200 MA for DJI).
i bought some next Monday 276 calls as lotto.