Macro Musings by Danny D

Macro Musings by Danny D

Trades, Charts and Random Thoughts

Quick Equity RV Trade

China looks overbought

Danny Dayan's avatar
Danny Dayan
May 03, 2024
∙ Paid

I bought SPY July 480/470 put spread for 1.0 for a 10:1 trade after publishing my NFP note. Let’s look at another market, China. Using FXI here.

Sitting a a major resistance level.

2 sigma overbought on my RSI measure.

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