So many people this morning gave me shit, and we did green candle as expected. Couldn't quite turn the corner, but made a decent attempt to recover. You bet I bought what I could the moment the thing opened. Who wouldn't? We are well on our way to making that weekly green candle I was talking about. There is nothing to worry about unless you are holding puts, which are about the get beat down. I can't wait till we fill the gap. Too many alarmist in here. I will repeat what I said, there is nothing unique or special about this move. There is almost a 100% chance the gap left from this morning will fill and very soon as I said. It's always a rough ride on days like today, but remember all that is happening is some algos are going wild. If you trade the price action, then don't waste your time with CNBC or any of that BS.
This market is into gapping, so it would not shock me if we saw a pretty big gap up tomorrow. We shall see. This market needs to at least temporary rally to screw all the greedy bears/ put holder who forgot what usually happens to puts in this market. Also the VIX needs to go back to a more normal range, and the market needs to stabilize. Then we an see where the next move lies after that.
This market is into gapping, so it would not shock me if we saw a pretty big gap up tomorrow. We shall see. This market needs to at least temporary rally to screw all the greedy bears/ put holder who forgot what usually happens to puts in this market. Also the VIX needs to go back to a more normal range, and the market needs to stabilize. Then we an see where the next move lies after that.