The majors closed slightly lower this week. But the dip buyers are present. They formed a long buying tail on the weekly bars. Today's closing at top of the day is bullish too. RUT/IWM closed above its 200 MA today at last. All majors are above their 200 MA now. This may be the rarely happened V bottom. The 2nd shoe may not drop down for a while.
I finally made the long due to RUT risk versal today. It should have been done last week or early this week so I could have void another 10K wire. I was overly concerned about my low N.L. Who hesitated get hit.
Net liq is at 113K after another 10K wire from the sales of my IRA. Am I drained into a black hole like many other gamblers? Where do I draw a final line? I don't see any near term relief for my deep ITM positions on both sides. Would I be able to sustain another 5+% shock in either direction?
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