The market pushed up at the open. Now its flagging and I believe this to be a head fake. The market is weak and the FED meeting today is likely to be a bit negative sine they do not have inflation under control. I'm going short on this market wiht all sector in the red this morning. Trade: SPY 9/5/2023 $430 Put for $1.28
SPY is pushing up hard at the bell today. Its a bit overboaught this morning and I'm still bearish on the market overall. I feel this may be a head fake set up. 'm looking for more confirmation, but I see this market pulling back. May be a longer trade as this market should fade though the day. Set up looks to be flagging at the open. I would expect it to...
The Market is weak and its been tranding down during pre-market. There is not a lot of good news out there an its starting to have an effect on the market. I look for more weakness today. May be a longer set up today. I missed buying puts at the open. Had to wait for a set up confirmation. Trade pending.
We have a pretty good daily oversold set up here with a hard drop below the low of the day. This market could make a bounce rally off this low. Taking a new trade" AMEX:SPY 8/25/2023 $445 Call @ $.58 Looking for the hard bounce from oversold.
Spy is pushing up hard to start the day. I'm bearish on this as it should come back down. Resistance at $438.25 Play: Spy 8/25/2023 $425 Put for $.38
After a nice win on the AMEX:SPY pushing up today, I'm playing the reverse. The setup is very good with the SPY hitting strong resistance at $436. New trade: SPY 8/21 $430 Put @ $.39
The SPY has been pushing down for several days in a row. While I'm bearish overall for the market, I think the market has a short rally before moving lower. My trade today SPY 8/21 $440 calls for $.31