I'm super bullish on DIA (Seriously though). I think the market is holding it down, but I really think DIA needs to excel more! I don't wanna see it tank like I wanna see SPY tank. BA and DIA are massively held down by the shenanigans of SPY IMO. But yeah, I agree, its way over done. SPY too for that matter, its just way too over done. It needs to come up a bit. Still lots of intra-day short opportunities though, which is nice! More so than long opportunities.
dylanmojo
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@Steversteves, yep! Today will be interesting for all the indexes. I don't personally "want" to see any of our indexes to go down... I just think it's the path of least resistance at the macro level for now.
Steversteves
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@dylanmojo, Hhaha maybe, I get some sick satisfaction over seeing SPY tank and be super erratic. Unlike BA stock. Man, if that stock would stop taking after its planes (crashing and burning), I would be happy.
dylanmojo
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@Steversteves, quite the rally after the Fed. I hope you got some. I sat it out after seeing all the wild volatility.
Steversteves
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@dylanmojo, I did! My little tricky indicator said we would likely be testing 428 before EOD, so got in around 418 and rode it to that point on 0 DTE. Did a scalp trade as well on the volatility when it did a bull flag on the 1 minute, got out quick and thank god because it tanked immediately after that. And then I re-entered at 418 haha. I did take a loss today though on IWM. Thought we would get a rally at market open like the last fed meeting and jumped in long on IWM after the initial pullback. Should have taken my profits when it re-tested VWAP, but ended up holding and then turning a green position red :(. But still very very green today. And sitting out is smart, it was EXTREMELY volatile. And initially quite directionless.