OVERALL I STILL WOULD TAKE A DEFENSIVE POSTURE. I Just bought the JUNE 28 285 PUTS, A small position;(SPY 283.7) to start. I SIMPLY don't trust this market. My next target is STILL SPY 265.
I had a feeling. All the bad news is out there and baked in. We are just waiting on resolution to said bad news for us to resume our usual programming and head higher.
Just another dip to buy. That’s the only reliable pattern we’ve seen and it’s here yet again!
Happy trades! Let’s get recalibrated for next week!