$SPY Holding my call credit spreads. The only thing I sense on this board is delusion. “Stocks only go up” and “buy the dip” were the same mentalities in the 1920s stock market. I’m not making any bullish trades for at least the next three months. Right now I don’t have a valid reason besides technical analysis to open a Bullish put credit spread in spy. I rather not over trade, and let my current short positions (which I need spy to stay under $442 for the next week to be profitable short term. I’m keeping this trade because I expect a large drop Monday. And who knows what happens overnight.
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