I am long put 3 x IWM contracts into COVID fud and this range being formed on IWM. Small cap seems to suffer the most during covid uncertainty; tech is too strong to be shorted. I am confident that we will see more downside but if this range is broken to the upside I may switch long. Mainly dependent on whether COVID cases continue to proliferate or if the USA gets it under control. Betting on more bearish action, but we'll see kang gang
Comment:
Volume has dropped since the last sell off from 150 to 133 level. Hoping for more covid fud news over the weekend or Navarro letting it slip that trade relations with China are terrible at the moment