spx at critical support: im short (uvxy)
Updated
spy daily is deep in the red. this is making me think were near max pain as it is near critical support. im capitalizing on the chance that vix goes down from here for a while.
Trade active
good to take some profit around halfway mark and move stop loss up in case we break day high and bull fakeoutTrade active
if we set a lower high reshort is on the wayComment
if we dont break 13.85 just cover the restTrade closed manually
doesnt seem to want to compress any more than thatComment
if we set a lower high under 14.28 and break 14.14 possible to reshort toward 13.79Comment
reshort if we set a lower high than 13.89Trade closed: target reached
covered
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