10/1/25 Recap
The SPY is completely shrugging off the government shutdown today. We came down, tested the 8 ema and so far have bounced. Keep an eye on where we close today, but up till now there hasn’t been much fear even though the /NQ was down 200+ at one point overnight. There isn’t much to say here, we’ve been in buy the dip mode for 6 months now and until we lose this key moving average, you have to stay bullish the charts are the charts for a reason, they show you a visualization of the flow of money and for now, it isn’t in any sort of panic over what is unfolding in DC.
My Open Book
Trades I Made Today
MSTR - I sold 500 of the MSTR 240 puts for $7.83. Bitcoin is breaking out today, look at a chart of IBIT. MSTU which is a 2x MSTR saw an insane call buy I will highlight below. This is so far lower and near such a key spot on the weekly I’d happily take these shares if we got there but it probably isn’t happening.
