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Wednesday, November 9, 2022, 1200ET
Market Bias for Issue #367
Our current Market Bias with Timer Digest is SHORT SPX since NOV 8th at 3,828
Our previous Market Bias was FLAT SPX since OCT 25th at 3,859
Here are the trade parameters for this week:
SPX Money Management STOP = 3900
SPX Current Price is = 3798
SPX Profit Target = 3575
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| Action |
Asset |
Expiration |
Strike |
Option |
Last |
Mid-Point |
| BUY |
SPY |
Friday DEC 9 |
375 |
Puts |
8.04 |
8.30 |
| SELL SHORT |
SPY |
Friday DEC 9 |
360 |
Puts |
3.65 |
3.73 |
| You need to execute both legs and hold it as a Put-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
