S&P short entry found today

2024年7月4日

I took the S&P short entry today, this looks good to me.
There is an ascending wedge. The macro makes sense, with the markets repricing towards one cut. BTC sold off first, which usually happens.
Equity could keep going with the government spending, but I'm seeing more calls on risk off.

2024年7月4日

註釋

I might wait a bit, I have the trade in money, markets are closed now. Intraday seasonality forecast is to chop tomorrow and probably close expiring most of the calls worthless.

2024年7月5日

註釋

I'll look for a slow rise today in the day, and look for a short towards the end of day. Calls expire worthless if the market drops eod.

It could still be a little bit to find a safe short to hold.