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I Don’t Trust This Rally a Bit – You Shouldn’t Either

SPY ripped around 53 bucks to the upside before the close… but I don’t feel great about it.

I’d never hate on a good rally, but this ain’t that. That might change next week, but we’ll deal with that when we come to it.

My unease with this upswing has got nothing to do with MAC/D… nothing to do with Fibs… it’s not Bollinger bands, either.

It’s the risk assets in play right now.

They are, as I’ll explain in a second, not behaving correctly at all given the intense bounce we’re seeing play out today. Right now, I’m going to prove to you that the emperor’s got no clothes…

Don Kaufman

Don Kaufman is options trader and educator. Former CBOE market maker, former Chief Derivatives Instructor at thinkorswim, and former Director of the Trader Group at TD Ameritrade. In 2015 he co-founded TheoTrade to teach traders how volatility, probability, and risk really work.

More about Don Kaufman

	Today
09.00	Don Kaufman \| Pre-Market Prep \| FREE SESSION 09.20 09.30 Don Kaufman \| Early volatility 09.20 10.30
09.30
10.00
10.30	Jeff Bierman \| Market structure 10.30 11.30
11.00	Jeff Bierman \| Market structure 10.30 11.30
11.30	Brandon Chapman \| Ghost Hour 11.30 12.30
12.00	Brandon Chapman \| Ghost Hour 11.30 12.30
12.30	Gianni Di Poce \| Macro overview 12.30 13.15 Elizabeth \| Price Action 13.15 14.00
13.00
13.30
14.00	Corey Rosenbloom \| Options tactics 14.00 15.00
14.30	Corey Rosenbloom \| Options tactics 14.00 15.00
15.00	Blake Young \| Market wrap 15.00 16.00
15.30	Blake Young \| Market wrap 15.00 16.00