$SPX Short-Monday 16 March with Confirmation

2020年3月15日

How To Trade Monday 16 March

Position: Short
Duration: 2-3 days Hold
Entry: Short at Open
Confirmation: SPX drops below 2660
Market: Broad Index and Stocks
Exit: SPX 2450

Reason:
Trend is down, broad sell-off continues and Covit-19 cases will rise dramatically
Macro:
Severe shortage of liquidity force Fed to step in with bazooka to keep $6.5 Trillion funding gap temporarily
Corporate Junk Bonds sell-off will accelerate results in ETF manager to force sell broad liquid equities to allow for massive outflow and redemption

2020年3月16日

註釋

Fed announcement this morning invalidated my trading plan. So I did not short.
-Fed meeting is on Wed
-Fed twice made emergency call during the US open and market tanked
-This morning Fed made the fokin biggest news 12 Hours Before US open
-Alarm bells sounded in my head and I canceled my plan

For now market is down and it may go down further but I personally wait till I see the US market reaction to the Fed