The follow simple term I will use to describe the market ( SPY) movement. “ Bullish” mean market will go up, but should not sustain. “very bullish” mean market will go up all day long with not pull back. “Bearish” mean go down to the low will bounce. ‘Very bearish” go down all day till last minutes. From now on, I will apply this term for SPY in my daily report.
This simple term doesn’t apply to techs stock. Like yesterday, most techs are weak went down, even SPY move up 3 points. I want to do this to remind me and you that in a very bullish market should not but any put, even put scalp . The trade must be buy any dip. (call). To avoid any wrong trade like yesterday( put). I saw very bullish signal. also when you see this term, you can keep the trade all day long, not to exit too early , to maximize your profit .