Recap of last week
We played CPI last week perfectly.
We loaded SPX Puts and VIX calls the day before CPI. SPX puts we sold for a 4x, 4 minutes after the CPI print. Many were long into the print and got bagged. Of the few people who recognized vol was cheap and bought puts, many held onto their puts while SPX almost rallied to close green.
That was our only trade we closed this week. Another week where we take 1 trade, and win 1 trade. No need to do 100 trades a week to make money, I prefer 1-3 with a high hit rate.
We opened a new swing as well.
Now the question that everyone is wondering, can the SPX breakout when confronted with the notorious back half of February seasonality?
Next move for markets
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