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Friday, September 1, 2023, 1100ET
Market Bias for Issue #374
Our current Market Bias with Timer Digest is SHORT SPX since Aug 31 from 4507
Our previous Market Bias was FLAT SPX since Aug 16 from 4404
Here are the trade parameters for this week:
SPX Money Management STOP = 4575
SPX Current Price is = 4511
SPX Profit Target = 4400
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| Action |
Asset |
Expiration |
Strike |
Option |
Last |
Mid-Point |
| BUY |
SPY |
Friday Sept 29 |
450 |
Puts |
5.25 |
5.26 |
| SELL SHORT |
SPY |
Friday Sept 29 |
440 |
Puts |
2.40 |
2.41 |
| 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
