Late day we took a small flyer on some puts in the QQQ for Friday just because it’s Wednesday.
We chose the Puts so its a pass line bet.
You either win or you lose the premium, but the loss is quantified.
Note Spoo is trading at the top of the up channel from March 2020.
Over the past two sessions Gold has held up remarkably well in the face of European Debt selloff.
Gold/Silver will be telling going forward.
Pattern follow through should signal further metals strength.
When there is more to talk about I’ll write a bigger piece.