I am not sure what Friday and the weekend will bring us. I closed all my shorts today. I have a hunch that we will have a decent deadcat bounce next week. I will add puts in all those trendline levels. Right now, I am holding one call option to play this possible deadcat bounce i'm expecting. If we close below that lowest trendline, I will quickly close my call and go all in on puts. I don't think we will get capitulation yet. That will be too obvious. Just my two cents. Not a financial advice.
Comment:
Closed my call this AM and went hard on puts. I will post an updated chart this weekend