I must once again point out the alluring price gap that has been hammered out in the financial ETF. This is a clean point of resistance.
The longer-term chart reveals something even more important: the Liberation Day trendline has been cleanly broken contemporaneously with the creation of the price gap.
Full disclosure: I decided my “profit high” from my SPY puts yesterday overpowered my good sense, and I disposed of my Friday SPY puts at a loss earlier today. I have replaced them with XLF puts, and once again my options portfolio contains absolutely nothing that expires in fewer than 100 days.
