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vix in no mans land...but bbands width say soon a pop...personal opine, bears gotta move now, fed, opex, but short lived bear if it happens, think shall bounce mightily into the Donald's kingship....no way Cohn spoils this party just yet...
Trades with cats wrote:Personally I would think the big boys are done positioning for Grandma's presser tomorrow so I don't think we will get a closing rally.
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Upper Bollinger Band breaches (like we got yesterday) are major shorting points. Its cut and dry how to play them. There are two outcomes.
1. They mark a big multiweek top. Short the close (or the open the next trading day) and ride it down. Winners will drop far for huge profits.
2. Your stop is if we set a new high (for the rally).
On top of this, another very good trader I follow just got a big sell signal on SPY on the closing price.
So my battle plan is to take everything and short SPY at the open. Good luck all.
bearish as of SPY 406 on 2/17/23
currently: end bearish as of SPY 406 on 3/6/23