I could see at least another 150 pts on this bounce perhaps over the next days. Again, no analysis matters if a trader doesn't use prudent risk management.
The thing is though, in my view, that we are in an intraday uptrend so how big would a bearish divergence be on the 1 minute? ---Don't know----Could just be a profit taking signal.
Hmm.. would also expect a perhaps moderately upweek next week. A pause in doomgloom at least Sell puts with weekly exp so, would be best, me think
fed next week, tariffs on apr 2 across the broad, a worsen nfp a week later. no way for a rebound. sell 5450-5400 puts (sell 5800-5900 calls, to make a short strangle) 0dte or weekly is preferred. capital preservation is the key before summer time.
what do you mean especially with summer time? regarding selling options, for one thinks he or she can time somewhat, wait for vix to go up somewhat again
I know chit about options except, like anything else tradeable, you don't wait for them to move and then trade 'em. What's the fricken point of that?
Next week is rollover week with Monday being roll date and Friday being TWD. It's possible the market became 'too short' here and we'll see some upside movement at least early in the week. FOMC on Wednesday.