Options Wonderland

[Fox13]

The conditions for holding SPY puts over night were met on close: price under the EMA Ribbon and fallen under the regression channel. After it touched the EMA (233) in the afternoon (on a short lived correction) SPY had only one direction: down. Also, FRAMA crossed the EMA Ribbon, going South and the price broke down through the 6/8 Murrey Math support level.

Good luck to all the brave puts holders!