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Monday, November 28, 2022, 1535ET
Market Bias for Issue #368
Our current Market Bias with Timer Digest is SHORT SPX since NOV 8th from 3,828
Our previous Market Bias was FLAT SPX since OCT 25th from 3,859
Here are the trade parameters for this week:
SPX Money Management STOP = 4100
SPX Current Price is = 3956
SPX Profit Target = 3760
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| Action |
Asset |
Expiration |
Strike |
Option |
Last |
Mid-Point |
| BUY |
SPY |
Friday DEC 23 |
390 |
Puts |
6.93 |
6.93 |
| SELL SHORT |
SPY |
Friday DEC 23 |
380 |
Puts |
3.90 |
3.91 |
| 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
