Wow what a day in history. Sold calls right away bought 402 puts at 2.75. So there’s still some hotspots in the cpi number I really thought bad news would be good news I guess that trend is over. I hope everyone was safe today, sometimes it’s good just to sit on your hands and not trade. Tomorrow we have PPI expect about the same gap down and trend. The 200 day ma is a pipe dream now. We closed under the trend line if we get to consecutive close’s under the trend line it’s going to be difficult to go back up. Remember don’t fight the trend! Days like this are very difficult don’t beat yourself up, the market will still be there tomorrow. Plan your attack stick to your plan, we trade in probability not certainty. Apologies for the lame chart. We break 388 it will go close to 384
As always trade what’s in front of you good luck
As always trade what’s in front of you good luck
