Week of February 9

Correction is over?

Recap of last week

We have been calling for a failed breakout for weeks now. So far that has been correct.

We traded that by shorting calls to fund OTM puts which we closed for about 2x this past week.

Markets experienced extreme volatility, then closed the week unchanged. Software underwent a brutal degrossing, tech overall was hammered, but Dow and other value type stocks were making new highs. Is this current swoon enough to reset sentiment for another move to the highs?

Next move for markets