With SPY having six red days, minor Bottoming Tail and on Minor Support on the hourly chart (from prior low’s breakout), we will be watching to short puts/spread with short expiration (2 or 4 DTE). We will advise when we get more confidence on an intra-day reversal.
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Greg Capra
Managing Director of Master Trader
Trading the Pristine Method — Origin and End
Dan Gibby
Chief Options Strategist
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