How do you trade a market like this? Absolutely crazy.
60min chart of SPY. I changed the bottom trend line early this morning because the other one was too steep. Not in my wildest dreams did I think SPY would push back up and into the channel. So now what? Is it a Bull Flag pattern or is is a legitimate rising price channel. Well, it failed as a Bull Flag so for now it has to be seen as a rising price channel, until proven otherwise.
Long TNA at 48.20. I bought these before the big drop, BTW. Small number of shares. See how it goes. May bail before the weekend.