The $SPX was down more than 1.5% today, but it was a slow and steady grind lower.
I didn’t trade much today, as I want to wait for the right setup.
Here’s today’s trade:
- I bought $META at 176.35 and sold at 177.35.
I did two other trades, one where I made four cents, another where I made a penny. They weren’t moving, so I moved out of the way.
I have an open short position in $NKE and open long positions in $HES, $MARA, $AMZN, and $GOOGL.
The SPX tagged the 4K level, and there’s potential to see 3,950.
We are becoming oversold, so we could see a bounce this week.
All Star Charts Team