• After Sunday’s soul searching…..got today right.
• I was able to exit those puts I held over weekend - for a tiny profit (I was down 30% at the close on Friday) - about 5 minutes after the open.
• 4h chart is where it’s at right now
• Critically for the bulls, SPY 410 held and QQQ 305 held; we then traded in a range of 412-416 rest of they
• We then closed at 413 (it gave up a couple points in the last few minutes)
• JPow and Biden met today - non-event.  I sure hope they talked about more than was announced.
• I exited IPI at 68 (from 75) just to clean house - but damn lookin at the chart tonight - it’s gorgeous.  I may jump back in on a trade if it starts to go, because it easily moves 5+ on a good day.

• Tuesday’s action looks bullish to me.  410/305 holding was important.  It consolidated, which was needed after this 25 point run in a few days.
• I don’t think I’d be in a rush to buy anything, really, on Tuesday.  It’s likely to be an option grinder sideways while more technical overbought conditions are worked out on the 30m/1h - those came under overbought area nicely today.  Still room to go up on 4h/D/W when it’s time.
• Samosa and I are both eyeing March 14-31, 2022 as guidance for right now.  On that note, take a look at the VIX chart below for that time period.  It, too, looks similar.  It was fighting to stay above 29/30.  Once that broke, the market roared.  I think we’re seeing same thing at 26 here, which has been VIX support for a while now.  If that breaks, I’m buying calls with both hands.
• With nothing really on economic agenda that matters for next few days - it’s possible if it grind out those techincals
• Bullard speaks at 1pm EST
• On watch: WEAT (to exit this dog), IPI for a trade (chart is gorgeous)
• SPY levels: 407 > 410 > 416 > 425 (big gap there, not sure there..)
• I’m looking for SPY to top out around 425/430 before switching back to puts.