The $SPX was saved by its 21-day moving average around 4,080 and is now trying to hold above its eight-day moving average at 4,124.
Tomorrow is monthly options expiration, so we should see more volatility.
Here are today’s trades:
- I bought $BABA at 103.10 and sold at 104.10.
- I shorted $VLO at 135.33 and covered at 134.33.
- I shorted $ABNB at 142 and covered at 141.
- I shorted $ROKU at 74.70 and covered at 73.70.
- I shorted $ROKU at 73.31 and covered at 72.74.
- I bought $RIVN at 21.31 and sold at 21.40. It ran to 21.60 target. I couldn’t get out; it dropped quickly. while others did capture it.
I also called out $TSLQ at 42.95 for a move to 43.48. I took the trade, and so did a few STPers.
I have an open short position in $NKE, and I have open long positions in $HES, $MARA, $AMZN, and $GOOGL.
If we continue to base here, we have room back up to SPX 4,200.
All Star Charts Team