OMG, the Gap up just skipped the first resistance SPY 424

The SPY Gap up is a big surprise to me, but it is good one, and I love it.   

Technically, it is a little bit over-bought in the past 3 days, so I just sold about 50% of my SPY positions.  But loaded about 10% of short position of SPY just to hedge the over-bought risk in case.

If market goes within what I am expecting now, i.e. market will pull back about 1% in the next 2 to 3 days, I am going to cover my short positions.

The long position SPY will likely go to my initial target around 436 in the coming weeks.

Good luck.

所有跟帖： 

• Some friends asked my old ID: Yes it is 秦風無衣. Good luck -smalldrop- ♂ (0 bytes) () 11/02/2023 postreply 11:49:55

• 還是用“秦風無衣”好：）） -皮球- ♀ (0 bytes) () 11/02/2023 postreply 12:03:54

• Thanks. Not convenient to type Chinese in the new computer -smalldrop- ♂ (0 bytes) () 11/02/2023 postreply 14:51:09