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Strategies & Market Trends : TRIPLE TRADES -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (3374)	8/23/2023 7:09:21 AM
From: Bull RidaH	Respond to of 4432

I believe it was just a retest of the 4375 area that failed to hold on the first visit. We have liftoff in after hours. The only drama is who & what will get credit for the current rally, which is now up 70 SPX Pts from the lows, equating to 25% recovered of the 3 week decline from the highs. Bearish pundits should begin to naturally capitulate above a 65% retrace, north of 4510? Or is this the time they go All-Out David Koresh WACO MODE? If that’s the case, all I can advise is minimum 1 year out put options, and be prepared for substantial s-t capital depreciation. I expect to be buying the OTM puts they currently own, in the fall, for less than a dime on the dollar.