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Wednesday, May 1, 2024, 1330ET
Market Bias for Issue #381
Our current Market Bias with Timer Digest is SHORT SPX since Nov 10 from 4415
Our previous Market Bias was FLAT SPX since Nov 3rd from 4358
Here are the trade parameters for this week:
SPX Money Management STOP = 5150
SPX Current Price is = 5017
SPX Profit Target = 4850
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| Action |
Asset |
Expiration |
Strike |
Option |
Last |
Mid-Point |
| BUY |
SPY |
Friday May 31 |
500 |
Puts |
6.95 |
6.95 |
| SELL SHORT |
SPY |
Friday May 31 |
485 |
Puts |
2.82 |
2.84 |
| 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
