OPTIONS TRADERS CO-OP

[gdl]

Closed right above 2733 for first time in weeks. Now we have 2744. I expect a slow grind to perhaps that mark by Wednesday.

If we close below 2744 on next 3 trading days I am all in on PUTS again. Insane times. Economy detached from current events and a full blown trade war. I suspect most odds makers expect trump to fold before that happens. I don't.

EW and recent anemic moves off the last lows suggest we do have another drop coming. Time is running out for a bottom which helps in tightening the time line. Week 19 starts Monday.