Hate Missing Those Layup Trades

The S&P 500 gave a nice reversal candle yesterday after two green days on modest volume, which honestly looked to me like nothing more than a oversold relief bounce to begin with.

So I was drooling at the setup but was on the road traveling and not around for the market open. Could I of just put in an order to buy a put at market at the opening bell, sure...but I don't like to leave that much to chance. For all I know the market could have opened higher.

So I rather just miss the trade, even if I don't like it.

Easy Peasy S&P Sqeeuzy

Looking at the daily chart above yo can see that nice reversal candle (large upper wick with small lower body) and then the clean big sell off today.

Doesn't get much cleaner than that folks and they don't always work out that well. On to the next though.

Market does look like it wants to continue lower though.

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