The spy is currently in attempting to break out of it current downward channel in attempt to continue and strengthen the current bullish reversal. How strong these breakthroughs if they succeed are crucial to how high the bulls can push this reversal. For now it seems to be short term and a good opportunity to open up some ShortSell positions. If the bulls fail to break i will likely re-enter if the parabolic purge continues.
For now Im currently in an
INTC
sell position, a canna company call I'm letting ride after booking profits and pulling my initial trade amount. Sitting in one negative INTC put that i didnt pull out of when i hit my 200% goal. Im currently transitioning brokers from robinhood to two other platforms that i like way more and have alot to tools to offer. It is important to be able to trade options with stop limits and trailing stops if possible. you have to protect your capitol especially when you are in the positive. I think my position will turn positive again but am sitting cash heavy at the moment. anyways check out the chart I know i didn't explain it much ask questions if you have any!
For now Im currently in an
INTC
sell position, a canna company call I'm letting ride after booking profits and pulling my initial trade amount. Sitting in one negative INTC put that i didnt pull out of when i hit my 200% goal. Im currently transitioning brokers from robinhood to two other platforms that i like way more and have alot to tools to offer. It is important to be able to trade options with stop limits and trailing stops if possible. you have to protect your capitol especially when you are in the positive. I think my position will turn positive again but am sitting cash heavy at the moment. anyways check out the chart I know i didn't explain it much ask questions if you have any!