3600 still in play Where were these jokers at 4540 ? https://www.bloomberg.com/news/arti...ilson-sees-growing-risk-of-20-drop-in-s-p-500
It's a common failed trade on here keep reiterating short calls on broader US markets then gloat about the first successful one. Trying to call a reversal like this based on nothing is not the sign of any insight. Just makes him a "joker" like the "analysts" playing the same game.
Mkt sure doesn’t feel like it’s going to correct here .Outside a quick trade short I’d never hold a short here. We should have cracked hard and we didn’t .
Agree, a 50% retracement from ath to march 2020 low is right near 3400-3600 mean reversion range. Not probable but Entirely possible. Regardless of what permabull talking head morons say on tv. How many commentators saw the massive September selloff coming? Just one, booyah. Others just blithely talked cyclicals, reopening plays blahblah
There was no massive September selloff. Your extreme negative bias about markets is really too much. Look at your posts in October 2020. You were so far off the mark. Are you not aware how well most cyclicals have done since then ? You know where OP was doing when SPX was 3400-3600 last year ? Posting a short call.
Don't trade with extreme negative bias, don't quit your day job, park your ego at the door, avoid revenge trading, don't set stop losses unless you mean it, don't count your chickens before they hatch, ... .