Nailed it. Again.

This morning I wrote:

SPY is up 0.33% this morning, as of 9:54 am.

IWM is also up 0.50% this morning.

VIX is down 6.64% following its pop yesterday.

I don’t expect this to last. I believe this is a short squeeze that will reverse by 11-12 am today. At that point, the sell off will continue.

Consultation of the charts shows:

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The selloff on SPY and IWM took place around 1:30 pm today, when Trump announced more tariffs on Chinese goods.

Damn I’m good. Or maybe I’m just lucky. But I was expecting a volatility event for a couple of weeks now, and it finally came.

Author: Trader Court

CPA first, pivoted to python programmer focused on data science which I apply to my own stock and options trading. View all posts by Trader Court