How To View The Market Right Now

sspencerSteven Spencer (Steve's) Blogs1 Comment

normally i don’t blog during trading day but unusual circumstances…we failed right at the level i tweeted pre-market around 193. great spot to short and many traders did. sellers now in control and that only changes if we break the downtrend moving back above 190. a hold above 190.50 would give us a chance to close in the 191.50-193 level that i tweeted earlier as well.

market today

 

this is a very scared market. SPY puts 10+% lower are trading with large premiums and as i type this we are attempting to roll over again…

tweets spy prmkt

Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and futures. He has traded professionally for 19 years. His email address is: [email protected].

Steven Spencer is currently short SPY and short out of the money SPY puts

One Comment on “How To View The Market Right Now”

  1. Im finding twitter useless during market stress. too many imbeciles. and the ‘gurus’ know nothing

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