Disclaimer: Nothing I say or post should be considered financial advice. Please do your own due diligence before making any investment decisions.
With S and P 500 and QQQ opening at lower levels today, VIX has not spiked yet. So major market players are not in panic mode right now. However, money is shifting to defensive sectors from the tech sector, continuing the trend from last week.
Both the indexes are heavily weighted on mag 7 and tech sector, so trade with caution if you are still bullish on the index. Set your trailing stop loss and stick to your principles.
@Madluvyz - Specialist in combining FA and TA for options selling and swing trading.[666]
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