SPDR S&P 500 (SPY): SPY is currently trading below the 9 and...

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Re: risk on post# 215746

Friday, 10/07/2016 12:27:15 PM

Friday, October 07, 2016 12:27:15 PM

SPY is currently trading below the 9 and 27 EMA and it is not yet oversold in Stochastics or Commodity channels oscillators. I am hoping a breakdown of 214 support which would lead us to the 100 day SMA which is around 212.5; after getting to that target I will sell my puts and expect a bounce to buy them back at a discount

JMO of course!

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