While I still think markets are likely headed lower until the Fed capitulates on tightening, this week could provide a great risk/reward if it's another buy the news event coupled with goldilocks NFP and maybe the first downward miss in CPI next week, although it doesn't really matter - if the market decides it's time to send the shorts into assisted living facilities again, the dips will get gobbled up regardless of the data. Meaning, if the market reverses it could have 400+ points in it back to the range highs, and if it breaks down and stays down, the loss would be a fraction of that with proper risk control. I find when trading reversals it's better to use offsetting puts than stops, then dump them later because a 30+ VIX is actively trying to ruin to life. Gotta keep those losses small.
NDX daily. SPX is the same. A signal would be a washout below the Feb low and a reversal. The tricky part about several news events stacked up in a row is it could happen twice, but that's the nature of trading. You never know, and you don't need to.
Apple weekly. The $152 area needs to hold or it's gonna get ugly - it's kinda inflection pointy.
There's two stock market scenarios starting this week: one is a major reversal bounce that likely rolls over near the range highs and continues bear marketing until the Fed stops. Or, get your black painter's tape ready to cover the parts of your screen that you don't want to see for anymore.
