🔻 Market’s a Mess Today — Waiting for Direction Before I Strike
Quick Note from Me
Hey everyone —
I’ve been closely monitoring the market action today, and while Friday’s selloff isn’t exactly surprising given the recent headlines and data, it still doesn’t offer a clean enough read for a new position. The charts and the price action is erratic — not the kind of environment I want to enter into blindly.
That’s why I’m sitting this one out. No new trade idea today. However, when the dust settles, this kind of move can open the door to some really attractive setups — but I need clearer direction before I pull the trigger.
Monday could change everything. Until then, hang in there and stay nimble.
I’ll continue to monitor the action and update everything in my recap report at the close — keep your eyes open for that on Substack Notes and X.
Remember, I also post a free morning briefing before the open and a closing summary every day on Substack Notes and X — turn on notifications so you don’t miss them! EdwardCoronaUSA
*Disclaimer: The examples in The Options Oracle are my opinion, not financial advice.
Smart move as always!