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Simon

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Been waiting all week for a good entry on an April RTT SPX

All the experts keep calling 'not long now' for the sell off, my concern is if I pull the trigger, you know what will happen. I will wait.

Any body else any thoughts? Has Tom taken the plunge?

Had some good weekly put trades, so not all bad, hopefully we will get some news on Amy's presentation.

Good trading
 
I may launch an April RTT next week. I talked with Amy yesterday and reviewed her Power Point. She will have a Round Table soon to discuss strategies and the potential launch of a Service. Stay tuned.
 
Simon said:
All the experts keep calling 'not long now' for the sell off, my concern is if I pull the trigger, you know what will happen
Click to expand...

I know what you mean
I only had one trade in Jan the first trade since Dec 21 at 2395 strike in SPX
I think the markets were oversold because of tax loss selling and other traders piling in and all the doom and gloom pessimism

Now it looks a little overbought on a short term basis as all the traders who sold at the end of last year are now getting back in with FOMO also the Powell announcement helped kick start the buying

We passed a couple of hurdles the resistance and previous support at 2640 and also the 50 day MA although there was a small gap today which could be filled on Monday depending on what the President going to announce at 3PM tomorrow
Also the Vix term structure looks a lot better so it looks like we will be back to trading more normally soon

If there is another sell of I don't think it's going to be that deep unless the FED makes another statement and the markets overreact
 
Yes, a good reply I must trade more what I see, so many opinions around.

Trade what I see and adjust accordingly! within my trade plan.
 
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