XLF Head & Shoulder pattern

semalam

H&S on financials again. Didn't play it last time, made some money today and left the profits in next week's XLF puts.

Financials shouldn't have gapped up with NVDA, and job numbers were better than expected so I shorted XLF on open, lol. Stepped down to $51.5 puts, from profits only to limit my exposure.

semalam

Nota

The entire market actually has a H&S pattern going on if you looks at SPX and NDX (SPY AND QQQ).

Probably not a good idea to go long on anything until the pattern is completed. Basically just short any up days.

2 jam lalu

Dagangan ditutup secara manual

Fed Williams put a December rate cut back on the table, bailed on my puts and flipped some GM calls today

No XLF position.