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Thursday, July 6, 2023, 1015ET
Market Bias for Issue #373
Our current Market Bias with Timer Digest is SHORT SPX since June 5th from 4274
Our previous Market Bias was FLAT SPX since May 31st from 4179
Here are the trade parameters for this week:
SPX Money Management STOP = 4475
SPX Current Price is = 4393
SPX Profit Target = 4250
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| Action |
Asset |
Expiration |
Strike |
Option |
Last |
Mid-Point |
| BUY |
SPY |
Friday July 28 |
437 |
Puts |
4.93 |
4.94 |
| SELL SHORT |
SPY |
Friday July 28 |
426 |
Puts |
2.26 |
2.26 |
| 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 take action 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
