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There’s not a tremendous amount to say about a market which inches a fraction of a percentage point during the day, so I’ll share below the seven equities against which I’ve got long put positions (July and August being the expirations). As always, click on any chart for a much larger version.
Since my last post we have seen what may be the full backtest on SPX that I was looking at then, but might only be the first leg of that backtest The backtest did not quite reach the 3950-4025 target zone, and none of the three obvious targets were hit at the weekly middle band, currently in the 3980 area, or either of the rising support trendlines from the March 2020 and October 2020 lows (shown below), and the daily RSI 14 sell signal did not make target so I’m leaning towards another leg down, that could happen after an all time high retest to set up a possible double top.
SPX daily chart:
Without commentary, I wanted to offer these two charts:
