SPY WHIPLASH

When I said yesterday we would hit 340s then 370 I didn’t think it would happen in one day. What happened today reminds me of the Ukrainian war when it started and March 13th 2020 had a 1 hour rally of almost 7% that was followed by a -11% loss the next day. It’s okay these days happen in bear markets we need to stay positive and ego free some people had there best day today some had there worst. Please keep your mind healthy don’t beat yourself up and don’t get cocky tomorrow is a new market. If need be take the day off tomorrow and get your head right. If you pull from the Covid low to the high with the Fibonacci you will see we had a 50% retracement what do robots trade off the fibs. So with algos hitting a heavy shorted market the gamma squeeze kicks in and catches everyone by surprise, the bull algo was the winner of the day. Nothing has changed macro wise, 1/3 of the CPI is shelter that has not gone down and if everything went to zero and rent stayed high the 2% target for inflation would never be met. Everyone wants the bottom to be in and this is not the way bottoms are made. The dollar is weak with the British news of tax breaks again so that added to the fire since that news hit before the CPI it was the spark I believe. My orders missed by 2 dollars for calls this morning spy took off I thought the high for the day was in around 8:03 bought puts and got wrecked oh well not the first or the last. Tomorrow will be interesting
As always trade what’s in front of you good luck