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Wednesday, September 22, 2021, 1505ET
Market Bias for Issue #352
Our current Market Bias with Timer Digest is LONG SPX since AUG 3 at 4423
Our previous Market Bias was SHORT SPX since JUL 29 at 4419
Here are the trade parameters for this week:
SPX Profit Target = 4451
SPX Current Price is = 4411
SPX Money Management STOP = 4385
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| Action |
Asset |
Expiration |
Strike |
Option |
Last |
Mid-Point |
| BUY |
SPY |
Friday OCT 15 |
439 |
Calls |
7.31 |
7.31 |
| SELL SHORT |
SPY |
Friday OCT 15 |
444 |
Calls |
4.31 |
4.31 |
| You need to execute both legs and hold it as a Call-Spread.
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Note:
When we change our Market Bias with Timer Digest, You need to go FLAT asap. With PMT Pro, that is before the Close that day and with the basic PMT, at the open of the next day. The following trading day, we will issue new SPX targets and a new SPY options trade, as long as our new market bias with Timer Digest is NOT flat.
Fari Hamzei
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Proactive Market Timing
