Todays Market:
So Sunday Night our futures opened up very red.
Ahead of this weeks fed meeting and talks of rates increasing, along with gas prices increasing overall this is a perfect storm for a bearish market.
We were down about 25-30 pts from Fridays close ($3908)
Then as the night progressed we wound up being down about 100 pts.
First 30 mins in the market we were choppy.
then the selling continued we broke the demand area of $3800.
trade#1
took puts
first 30 mins chop
then began selling off
got in too close to the demand area of
3756
we kept holding this area but very low volume and little candles
next leg down.
this is an area
next is 3740.
which we hit.
next time ill wait for retest.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-06-13 10:46:20 | 13 JUN 22 376 PUT | buy | $2.160 | long |
2022-06-13 11:04:36 | 13 JUN 22 376 PUT | sell | $2.700 | 0 |
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