50K Portfolio 1 Micro SI 25 (LIVE) = -$225 200K Portfolio 6 Micro SI 25 (LIVE) = -$1,200
3 out of 7 Nasdaq strategies were profitable 2 out of 3 S&P strategies were profitable
Very choppy sell off today. The dip buyers and "market proppers" haven't been around as much lately. Friday and today they showed up.
On Friday we said the market was propped up. Often times when that happens, you could have shorted the close and covered when the market opens. We don't typically like to put on a short trade for the weekend.
The S&P and Nasdaq were down more than 3%+ today but after the gap down and constant chop and prop, it made it challenging on the strategies. Cobra III 2022 NQ 1m and Gap Continuation 2022 were just stopped out on an intra-day high swing level. That made the difference on the day between being up on the day versus down on the day.
The S&P futures also broke down the 4000 level.
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