The Futures market went down a lot after the CPI release and stopped at a congestion zone which may act as a support level. If it does, I think we could at least recover the $4995-$5000 area, which could be good for Bull Put Verticals
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While it did wick to the extremes of the support zone, it managed to hold the trend and the support at the end of the day and printed a Bullish Hammer which may now mark the start of a reversal for the rest of the week. As a result, I have held on to the Bull Put Vertical Spreads.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.