SPDR S&P 500 (SPY)

[Kobe Ginobili]

Be shocked if it doesn't gap down with the 3 minute EOD blitzkrieg Friday normal session + more updraft in AH. That was nice technique to buffer against the gap down on worsening macro covid catalyst. Figure strong odds (70-80%) will be down -2/-3pts PM Monday with say 20-30% chance -4/-5pts

I'm looking at horizontal resistance w/lower high in first 30 - 90 minutes scale some near term (likely 11.4 exp) 320 PUT let it ride for intraday swing.

And if all the above doesnt play out and it opens green I'll scale on G/R adding to position every 10 - 15 minutes with set risk HOD.

My current overall sentiment is bearish however will easily take calls on absorption/capitulation w/clear HL on 1 minute intraday DB/TB


SPY