The Running Of The Bulltards

The Running Of The Bulltards

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The Running Of The Bulltards
The Running Of The Bulltards
6/15/22 Recap, The Fed Makes It's Move
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6/15/22 Recap, The Fed Makes It's Move

75 BPS Hike Gives Market The Clarity It Seeks

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James Bulltard
Jun 15, 2022
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The Running Of The Bulltards
The Running Of The Bulltards
6/15/22 Recap, The Fed Makes It's Move
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Well, it looks like we got the short term bottom I called for sunday in my post. At the time I mentioned the 269/260 put spread as my favorite trade of the week because I was looking for the 200 weekly to act as strong support and so far it looks like there is a solid probability it will this week as we close today well over $283 on the QQQ. The market has been begging the fed for some clarity and they got what they wanted. Does that solve our oil or supply chain issues? No, but for now the market is happy with the Fed. As you can see in the chart below, we’re close, but I would still like to see us test the 200 weekly as we did at Covid lows and the lows of the 2018 rate hike panic. As for today’s large options trades, let’s get into that.

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