Like I posted earlier this week in bullish thread, bearish capitulation is perfect time to short.. which is why I held inverses overnight. Headfake with fed propping up great to short. 3000 key support level to watch and VIX 35
Supply started running out no doubt, therefore big boys decided to cash out, after hours last night was a bit naughty mind, supply being provided by retail. All of those instant trading experts, will lose everything over the next coming weeks, as they'll keep buying dips only for another dip. Been there 20years ago, the Dot.com crash. Role on the why is it going down, things are getting better fighting it brigade.
I love how the bears pipe up after getting housed for 3 months straight. All the bull trap posts should be popping up everywhere, "I told you so" & etc. I was thinking about selling some OTM put spreads to all those scary mo fos. Nasdaq should go positive for the day at any moment.
Will a real bad weekend if the s$p drops below 3000 because for quite some time charts showed that if the s$p broke out above 3000 and onward to 3200+ it was guaranteed new historical highs within weeks to months...if the s$p breaks down on top of a resurgence of the virus then way down we go. Back to march lows I doubt it since the fed will print more trillions
Important = I just tightened trailing stops on roughly 70% of everything here at 1PM et bc especially TVIX may drop soon