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Wednesday, September 4, 2024, 1445ET
Market Bias for Issue #388
Our current Market Bias with Timer Digest is SHORT SPX since Tuesday Sept 4 from 5,529
Our previous Market Bias was FLAT SPX since August 20 at 5,597
Here are the trade parameters for this week:
SPX Money Management STOP = 5,675
SPX Current Price is = 5,514
SPX Profit Target = 5,275
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| Action |
Asset |
Expiration |
Strike |
Option |
Last |
Mid-Point |
| BUY |
SPY |
Friday Sept 27 |
548 |
Puts |
8.58 |
8.63 |
| SELL SHORT |
SPY |
Friday Sept 27 |
538 |
Puts |
4.67 |
5.73 |
| 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.
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Proactive Market Timing
