Anticipating selling pressure to continue into weekend with SLD/OPEX headwinds. ES broke below key 6030 level and will need to find support above 6k to maintain bullish positioning. SPX closed the week at 50EMA but a failure and Monday open below 6k likely leads to downside opportunity at lower trendline around 5960-5970.
Positions: Feb26 6,000P
Positions: Feb26 6,000P
Note
PT reached, trimmed 75% of contracts at +560%.Further downside move is possible but expecting volatility to play in both directions.
Trade closed: target reached
Closed remaining 25% of straddles at +300%.
just practicing & learning
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just practicing & learning
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.