Short The Market Zone
Short The Market Zone
UPDATE 3:35pm EDT: We have arrived at yet another inflection point:
As I suspected the VWAP test was a ruse after which busted higher. Now we are close to the 50% fib line at which I consider it my patriotic duty to short the shit out of this tape. YES – we might push higher to 857 – but this looks like a sweet like a-b-c retracement and as a trader I need to pull the trigger when I see a pattern like this.
So, I’m going to slowly scale into a few index puts – if we bust higher into the close (hope hope) then I buy more. Let’s hope our market making friends won’t disappoint 🙂
