Hey all, I think we're in a situation very close to 2008 towards the latter half of the bear market where we rallied into a larger sell-off; point is, I expect a rally. For what I'm seeing on the charts, something along these lines makes sense, and provides an alright risk:reward opportunity. Here's my trade idea on the Q's.
Rationale: Extended nature of current price action; SPY holding support; VIX and DXY look bearish at current stage.
Rationale: Extended nature of current price action; SPY holding support; VIX and DXY look bearish at current stage.