https://rightsideofthechart.com/swing-trade-ideas-2-3-25/#comment-34636

https://rightsideofthechart.com/key-levels-to-watch-on-the-stock-market-2-4-25/#comment-34635

Like you said, still backtesting & I like to see an impulsive rejection off a backtest of a trendline to increase the odds that the next leg down has begun.
Although I usually trade (long or short) shares, I’ve been tricking into puts on CVNA (un-hedge, i.e.- no paired trade).

With that strategy, I basically buy the amount of puts that I am willing to lose (assuming they expire worthless) on a trade made with shares if it was stopped out. Benefit here is that CVNA can be a gappy-little sucker, with a big gap up blowing well past even the best-placed stop-loss order, thereby far exceeding my $$ loss allowance.

I’m planning to continue to scale into those puts but haven’t seen a reason to add yet. CVNA is a straight-up “risk-on” trade so ideally, I’d like to see /NQ & /ES break down below the recent trading ranges (i.e.- those red support levels on the charts I posted earlier today) before going to a full position on CVNA.

Bottom-line, CVNA is holding up following the recent breakdown just like the Nasdaq 100 is following it’s recent breakdown so if & when the $NDX & $SPX clearly break below their trading ranges, CVNA is likely to vastly outperform both to the downside.

Randy, Can I get your thoughts on the CVNA short? Where is your stop loss?

Today was an excellent day to trade. Those tariffs would cripple all 3 countries economies. The large automakers have 3 days of inventory, then plant closures and layoffs. I just hope Trump doesn’t try this tactic too much. It only takes one country to call the bluff for things to get really crazy.