Still Headed for 107.17

Still Headed for 107.17

Today's action consisted of an uptrend line (A) which was broken, and a failed backtest which resulted in the end of the day selloff. I bought June 105 put@1.9 avg price. I didn't have the greatest entry today, but I know a bluff when I see one and held onto my puts throughout the day, and am still holding onto them. I will continue holding until SPY hits 107.17. I am confident that will happen tomorrow where SPY may trade as low as 106.6. No new insight here really, but I just wanted to point out a very technically traded day.

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