Recap of last weeks action:
We killed it last week. Sold all of our longs at the top, and we bought puts. Here is a quick recap.
I was expecting more upside, but not a big move as we were close to the top end of my range. We got that early on in the week. When my price alert triggered, I sent out a detailed update on positioning early Tuesday morning just before 7AM.
The exact high of the week was made about an hour later. This is an excerpt from that email.
Look where that is on the 5D chart.
The blue line is where we sold all our longs and bought puts. Pretty much top-ticked it. That should have paid your subscription fee for literally years. Honestly, the real value here is the in depth market analysis. But I like to give out a couple of trade ideas like the one above whenever I can, just as a bonus. Truly want to give back to a community that has been instrumental in my own success.
Next move for markets?