I am going to need something to happen in the market. It has walked exactly sideways from yesterday, and to tell you the truth as a charting technitian, I am having a hard time deciding which way the train is going to be going.
On one hand, we are now in a downward channel. On the other hand, we are coiling back into a coiled spring formation and it looks like it may blow to the top or downside.
Im not playing with this. Im getting out on my SPY puts at even money:
The reason Im bailing is these things are just about to expire. And if they didnt put out (yuk yuk) overnight then they got to go as time is working against me as an option buyer.
More in a bit, need to study whats happening today.
Tradinginsider
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