How Low Do We Go

How Low Do We Go

How low do we go? Now that we hit my 107.8 target, SPY may hold here and in typical OPEX fashion may ramp back to the upside by day's end. Don't be surprised, I hedged myself with some vertical call spreads. But if SPY continues downside and it should (over 20:1) negative breadth, I expect SPY to hold support between 105.8 and 106.8.

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