Expect NAS100/NDX to break highs and break down. Corporate buybacks enter blackout period but early shorts must be punished and removed from the gravy train. Enter between 4437 and 4449, stop on close past 4462. Move to break even early after a momentum candle down.
A little engagement trade here to keep me occupied in this sideways market ... .
Filled for a 7.05 credit ($705/contract). I'll look to take it off at something like 25% max profit or at about $176/contract.
Another thing I'm going to do while waiting for volatility to return in the broader markets such that it makes sense to set up plays 45 days out is go short duration. While I'm not going to put this particular trade on because I have a short duration RUT/IUX iron condor that I rolled out to next week standing in as this week's short duration play (see Post...
filled the GAP from 07/21 - will see new highs
50 points below ATH daily
NDX100 adding more pain for missing the ralley
high can see end November to sell to the late comming in bullz for year end ralley
currently buy the dips
corrections quickly bought from followers or short cover issues
will see a thanks giving like last Thuesday and Friday
