Feb. 4 at 4:41 AM
$SPY >> just to clarify I went short 🐻
$SNDK last night and held puts overnight because it closed above the upper Bollinger Band on the daily chart
With my rules the onlh time ⏲️ u break the EMA 4 rule is when there's a close outside of the Bollinger Bands / that is one of the few exceptions to the rule
EMA 4 RULE:
ONLY hold long overnight if the candle 🕯 closed above EMA 4 on the daily chart
Only hold short overnight if the candle closed below EMA 4 on the daily chart
$SNDK Closed above EMA 4 on the daily chart last night, but also above the upper Bollinger Band
With the doji candle 🕯 that formed today above the upper Bollinger Band it signaled to hold short overnight
$SPY $QQQ $SMH
