A diary of the thought process behind my investment decisions
Small Short
I have taken a small SPY short for a trade in the pre-market based on my belief outlined in the opener that the upside is limited in the coming days.
2 comments:
Anonymous
said...
What are chances or intra day reversal? Market Owl has a great point about algo and quants being all over this pattern of gap up and go. Do you think the additional supply can counter this?
2 comments:
What are chances or intra day reversal? Market Owl has a great point about algo and quants being all over this pattern of gap up and go. Do you think the additional supply can counter this?
I believe it should at least minimize the gains and set us up for a sell the news reaction tomorrow.
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