Rubber – Meet Road
Rubber – Meet Road
UPDATE 9:39: Now, that was a nice little treat for a delta negative rat like me. My Feb SPY puts are smiling big time 🙂
We got ourselves a clean breach here and it’s just a matter of time now until the rest of the damn gives. Yes, we might slip back into the triangle today but the damage has been done and this is a significant event.
But hre is the really good news: Yen is heavily oversold already and the ES futures were dropping along – nice. However, keep an eye on the NQ, as it’s making a run for the upside right now – it keeps being the leading index, so let’s see if the ES will follow. If so we might fill that gap before we drop further.