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Thursdays have been consistent with drops lately 🙂

Hmmm? Maybe the reason my Black Monday's have failed, is that I have them on the wrong day? Black Thursday anyone?

You got a link?

that would ball in line with sell of Thursdays which have been more frequent.

Look at the 6 month SPY chart with the 10/50 day MA. Looks like an amazing short entry.

I have some SPY 112 and 110 puts.

This is clearly a wave 2 back up… (and I don't know anything about EW), but this should be the last day of it. Maybe a doji tomorrow, and then the sell off we are waiting for. (aka Wave 3)

my guess is that we close at 1166.66

I agree with you but i think that second leg down appears to want to come from an s&P level at or around 1250.

I thought the Monday rise was an anomaly to be followed by a stronger down today but iam obviously wrong.

What is the choice. adding shorts now seems riskier especially if we close above yesterdays high which is looking probable.

i know you are not in ultras. What are you playing presently?

if this is anything like jan 19th, we had approx a 2 point gain on the spy that day and then closed at the high.