SPY OUT OF BALANCE

2 Kas 2022

Well I hoped everyone banked today I laid out the frame work yesterday and it followed the plan pretty good. First 3 minute candle was green I bought calls 10 minutes prior to 11 and sold quick loaded puts at 11:25 and made great money I wish I would have held the 386 puts longer but you all know I have paper hands. Okay seriously what’s wrong with VIX I don’t get it, it acts like nothing is happening. Yesterday I thought we would see 400 before seeing 350 now today I think we will see 350 before we see 400 I may be wrong but Powell smacked down the market like pimp. 372 support will be important as long as we are below 380 people are going to be sketchy with risk. Tomorrow is the best chance for a dead cat bounce to rally going into Friday, let’s see how much dry powder the bulls have left. So no pivot in sight says Powell and rates can go higher then they thought when he said that the market went red and my account went green thanks papa Powell lol.
This was the most hawkish meeting we’ve had all year, no more soft landing the strip has narrowed he said. The best was when the reporter asked about the market being positive he was not happy wants lower markets. I need to listen to the press conference again. Be careful going long with all that came out today it’s a day trader’s market for sure. Let me know what you think below please
As always trade what’s in front of you good luck