The near-record rally on Tuesday was about ten points on SPY. One scenario is another ten points of upside, taking SPY to about 104 as a low risk place to go short. The breakdown gap from October 7th, at 110 is resistance. What if something else happens? Again, I will wait for another low risk opportunity to present itself.
I missed the big rally. I looked at a lot of stocks, but couldn't move fast enough, or get the price I wanted. The stock market is still moving too fast for my trading style (positions traders are quite slow compared to day traders).
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