Who cares about January?!
We're going lower.
If you think January will be an up month and you have good timing, go for it.
But 2023 is gonna be a bad year I'm afraid.
You're worried about one month out of 11?
Rookie mindset Stoney.
What happens if we drop to 3400 in February?
You've already proven you can't read a chart very well.
3400 is a very realistic possibility.
Like I said, I can see many reasons for this market to tank, but the only one I can see for it to go up is an algo driven short-squeeze. When the dust settles, the trend is still down.
If you want to go long stocks, I suggest you do so by selling the front month puts, and keep selling them until you get assigned.
And hope you're right about the stock when you do get assigned. Just like I spelled out on GNRC.
Don't buy it at $92, sell the February $80 puts for $4. If it drops, you're in a decent stock at $76.
Trade accordingly Stoney. You've been forewarned.