IWM

[vanzandt]

I'm short (and all in closing all other positions) at $129.67.

There's a sell-off coming................

 

[vanzandt]

I rarely go all in.

Its game over for the rally folks.

 

[vanzandt]

Gap down tomorrow.
$129.54 and falling.
..................BIG gap down.

 

[vanzandt]

Remember the 800 point sell-off the night of the election?

Here it comes. Not cheering my position. Far from it. But here it comes...........

 

[CoolCatchyPCcorrectName]

There is only a 5% chance it will get down to 126 by the end of the week. Options never lie.

 

[vanzandt]

Hahahahah.
They always lie.
Its over bro.

 

[vanzandt]

Wait till you see cable news tonight.

If you don't want to get short, at least get on the bench. Thank me later.

 

[CoolCatchyPCcorrectName]

I hear ya. IWM up 9 % in 5 or 6 days. Probably due for a down action.

 

[vanzandt]

I hear ya. IWM up 9 % in 5 or 6 days. Probably due for a down action.

Covered @129.87 earlier. Chicken.
I'm gonna let it run and try again. Its gotta go down.
But if you look at a ten year chart...maybe not. The great bull market.
Trump is gonna step on his crank and spook the markets somehow in the next few weeks. I'm going to keep taking overnight short positions on this thing, try to game my entry intraday slightly off the highs.

 

[S2007S]

I agree extremely overbought, going up yet again today.......seems no risk all reward is literally everywhere on wallstreet....take a look at semiconductors another high today on that index as well....