Will be posting various plays throughout the evening tonight. Plays both long and short with limited risk exposure. Based on USD near-term resistance, I can envision a short bounce in SPX so I’m looking for quick day trades or potential shorts that I can get into on the bounce [at higher prices]. Overall I still believe our trend will be down therefore I’m a seller on any bounce here.
Noted that BKX finally broke down so that affords me the opportunity to short good-old BAC; a company I detest. Stop above Tuesdays high, target just above the 200d which was prior breakout support. Ca’ching 😉
Short $JOYG as it breaks down with a target of the 100d EMA where buyers have lingered in the past. About a 10% move.