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Monday, June 3, 2024, 1115ET
Market Bias for Issue #383
Our current Market Bias with Timer Digest is LONG SPX since May 31 from 5,277
Our previous Market Bias was FLAT SPX since May 16 at 5,297
Here are the trade parameters for this week:
SPX Profit Target = 5,350
SPX Current Price is = 5,270
SPX Money Management STOP = 5,180
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| Action |
Asset |
Expiration |
Strike |
Option |
Last |
Mid-Point |
| BUY |
SPY |
Friday July 5 |
528 |
Calls |
6.66 |
6.65 |
| SELL SHORT |
SPY |
Friday July 5 |
535 |
Calls |
3.47 |
3.41 |
| You need to execute both legs and hold it as a Call-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
