The rally started for a lower high is finally happened, seems like eternity . I am still very anxious about trading on my small account as it has dwindled to 25% of it original value since last Fed announcement on Dec 12. If I blow up this account, we would not have any money to trade, my wife warned me. It was the same situation last time and I turned it around with RUT options but I don't have this fortune this time. I am just too scare.
Can't miss out on this opportunity, I longed one SPY lot.
confirmed bounce and extra long shadow, it has a lower low from yesterday and closed higher than yesterday's high. This is an extremely reliable reversal candle formation.
As for the usual suspects for puts later once the market bounce DOWN! The candidates are running away, retail bounces up off their lows and financial are also bouncing too. MER even made a higher or equal low. The trend seems to be very shaky.
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