Loading ...Friday’s strong up move sure threw me a curveball. I had just established PUT options that morning but, sold them that afternoon at a small loss. The prior call options established just after the early June low were very profitable. Felt great to be finally climb back up into the trading saddle.
Now, I think that Friday’s move was a one off. The Intermediate Up Cycle established in early June appears to be broken. All we got out of it was six weeks…As of now we are into 3 weeks of lower lows. Gap filling is steadily getting closer. Not Happy.