I am not sure what Friday and the weekend will bring us. I closed all my shorts today. I have a hunch that we will have a decent deadcat bounce next week. I will add puts in all those trendline levels. Right now, I am holding one call option to play this possible deadcat bounce i'm expecting. If we close below that lowest trendline, I will quickly close my call and go all in on puts. I don't think we will get capitulation yet. That will be too obvious. Just my two cents. Not a financial advice.
Note
Closed my call this AM and went hard on puts. I will post an updated chart this weekend
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.