SPX had a daily close above 7012 for the first time yesterday - I'm expecting a small pullback to at least 6912 within the next 10 trading sessions, and then a longing opportunity for a months-long grindup
GLD and AGQ pumping premarket. I'm expecting relative strength from precious metals during SPX countertrend rallies, and eventually, when the downward pressure really takes hold of SPX (after 1 or 2 retests of 6703) for commodities to rocket
Premarket thoughts: Entered April SPY calls at SPY680 per yesterday's premarket plan - will see how it goes. If TLT closes today and tomorrow red, that will be 5 straight red closes, which will be my signal to open June TLT calls at EOD tomorrow
Premarket thoughts: SPX bounced at its 150DMA yesterday and still looks supported into March OpEx. Personally looking for an intraday tag of SPX7028.71 before the market rolls over. I'll look to buy SPY calls if we pull back to SPY680 today
Premarket thoughts: SPX bounced at its 150DMA yesterday and still looks supported into March OpEx. Personally looking for an intraday tag of SPX7028.71 before the market rolls over. I'll look to buy SPY calls if we pull back to SPY680 today