SPDR S&P 500 (SPY): Okay folks... might dip my toe in for a...

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Tuesday, 08/04/2020 9:10:18 AM

Tuesday, August 04, 2020 9:10:18 AM

Okay folks... might dip my toe in for a scalp.

If SPX opens 3285 or below, I’ll be targeting a trip down to 3245 and I’ll be a 8/7 SPY 325 put buyer for a scalp.

I often use SPX as my bellwether for trend changes. I’m not here to sell this as the way to go, but it’s just how I do things.

Happy trades y’all. Stay nimble.

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