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Tuesday, December 21, 2021, 1130ET
Market Bias for Issue #354
Our current Market Bias with Timer Digest is LONG SPX since NOV 26 at 4594
Our previous Market Bias was FLAT SPX since OCT 15 at 4471
Here are the trade parameters for this week:
SPX Profit Target = 4710
SPX Current Price is = 4637
SPX Money Management STOP = 4517
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| Action |
Asset |
Expiration |
Strike |
Option |
Last |
Mid-Point |
| BUY |
SPY |
Friday JAN 14 |
462 |
Calls |
8.29 |
8.23 |
| SELL SHORT |
SPY |
Friday JAN 14 |
470 |
Calls |
3.84 |
3.86 |
| 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
