I'm still not sure what is going to happen but things are getting clogged up to the downside perhaps and seeing a very strange negative divergence between VIX/ SPY. It is pretty strong and visible today. If we break out of the descending wedges things could rocket higher as the bear den is pretty full now.
I put on the following VXX put spreads and picked up small position in SSO and will increase upon confirmation of breakout of the wedge.
Oct 30 20/21 @ .21
Oct 16 21/22 @ .15
Dec 18 19/20 @ .35
I'm going to let the market do its thing this week and probably stay away from new positions until Friday unless something very good pop...
I have been stopped out twice in last few weeks trying to short GLD. I have a pretty sizeable position of Nov/ Dec GLD/ GDX puts. Also ha...
Jumped back in on the open as it looks like we have a short term trend change. Annoyed it decided to leave without me but worth the chase a...