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Tuesday, August 6, 2024, 0945ET
Market Bias for Issue #386
Our current Market Bias with Timer Digest is LONG SPX since Friday July 19 from 5,505
Our previous Market Bias was FLAT SPX since July 10 at 5,664
Here are the trade parameters for this week:
SPX Profit Target = 5,275
SPX Current Price is = 5,196
SPX Money Management STOP = 5,150
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| Action |
Asset |
Expiration |
Strike |
Option |
Last |
Mid-Point |
| BUY |
SPY |
Friday Aug 23 |
520 |
Calls |
12.79 |
12.80 |
| SELL SHORT |
SPY |
Friday Aug 23 |
527 |
Calls |
9.52 |
9.52 |
| 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
