One thing to remember for Wednesday - the fed has a mandate not to influence elections. While nothing the fed is doing right now will actually influence an election 6 days later, you might hear more optimistic nothingburgers than usual, just to hold the status quo.
I’m personally playing a couple weeklies to the effect of SPY +3-5% and I’ll look for low 400s and/or a vix of 22-20 before going (more) bearish. Might get burnt, but I’m ok with it as I’m long term bearish into Q1. Day trading this week is gonna be painful - lost my only trade today to a -18% stop loss only to go green 20min later oh well
mzdog14 t1_iuk8y0v wrote
Reply to 10-31-22 SPY/ ES Futues, Apple and Tesla Daily Market Analysis by DaddyDersch
One thing to remember for Wednesday - the fed has a mandate not to influence elections. While nothing the fed is doing right now will actually influence an election 6 days later, you might hear more optimistic nothingburgers than usual, just to hold the status quo.
I’m personally playing a couple weeklies to the effect of SPY +3-5% and I’ll look for low 400s and/or a vix of 22-20 before going (more) bearish. Might get burnt, but I’m ok with it as I’m long term bearish into Q1. Day trading this week is gonna be painful - lost my only trade today to a -18% stop loss only to go green 20min later oh well