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Thursday, September, 2022, 1025ET
Market Bias for Issue #365
Our current Market Bias with Timer Digest is LONG SPX since SEPT 1st at 3,966
Our previous Market Bias was FLAT SPX since AUG 30 at 3,986
Here are the trade parameters for this week:
SPX Profit Target = 4125
SPX Current Price is = 3976
SPX Money Management STOP = 3850
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| Action |
Asset |
Expiration |
Strike |
Option |
Last |
Mid-Point |
| BUY |
SPY |
Friday SEPT 23 |
400 |
Calls |
6.06 |
6.05 |
| SELL SHORT |
SPY |
Friday SEPT 23 |
410 |
Calls |
2.27 |
2.28 |
| 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
