The market took another hit today. We broke below last week’s lows and plowed through support levels.
The $SPX has support at 3,900, then 3,860. Resistance is at 3,959.
Here are today’s trades:
- I shorted $AMZN on Dec. 5 at 91.61 and covered today at 90.60.
- I shorted $MS at 88.80 and covered at 88.24.
- I shorted $MS again at 87.08 and covered at 86.60.
- I bought $ABNB at 92.86 and sold at 93.24.
I booked one loss today:
- I shorted $MU at 53.60 and 53.57 and covered at 53.66.
I have open long positions in $SQQQ, $SHOP, and $ZIM.
To me, this is not bull market action with regards to the overall market.
The whippy-ness and the chop can make your head spin.
All Star Charts Team