B1... its a vaccine play buddy. If they announce a cure tomorrow, everything goes up. So yeah, at some point its gonna pop. But the same day it jumps 10% on vaccine news, the rest of the market will jump twice that. At that point XLF will flat-line forever again, while the rest of the market continues up in the months to follow. How long have you been trading? I would think you would know this stuff. I can tell ya one thing though buddy, aside from a vaccine, or maybe a slight pop on a Trump win (which any pop on XLF will be exceeded by the market), you won't be doing your wahoooo on this thread since you'll be starting a new "#1 blog on the WW intrawebs" on 1/1/21. So...... whatever. Wahooo away if it makes you feel special.
While posting the above, I missed my short entry. That extra 15 points would have capped a nice day. A closed mouth gathers no feet. Especially on Fed day.
You made me look at the chart. Thanks for that. I see ES tested a low hit yesterday and is bouncing. Bought 1 mes @ 3367.50 as a partial delta hedge for my ES put fly. Stop at 3365.00. May add on in 3370’s area with initial target 3382.
Stopped out. Edit: Having thoughts of adding another put ‘fly around 3365 for a test of 3300, a recent suuport
Small "gap" should be filled fairly quickly today and we will go green in a big way. Current strength of financials will help with this. ---Looking good in my view---