Rocket Equities & Options Report 03-23-23
Markets have popped this morning, yet I see nothing that has changed since yesterday when this market traded down 100+ points in the ES following the Fed announcement and press conference.
We are holding our $400 SPY puts for now, and this is still a high risk trade. We are right at the .382 bounce from yesterday's sell off. I can see this market even getting up to the .618, which would bring the ES up to about 4,032, before selling off rapidly today or tomorrow. All the pressure is still to the downside.
Stay tuned for updates!
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