SPY - early entry swing puts, give it time. set a stop loss.
The stock market news headlines rarely matter, and they almost never correctly explain market moves. Here is what I see on SPY that gives me reason to take puts early (small position):
* island reversal at top (blue box)
* RSI dipped below 33.33 and is now testing 50 line (red dash) - tomorrow RSI will be lower if SPY fades down
* 4-10-20 moving average cross down (red arrow)
Cautions:
On TTM Squeeze, bars could turn lower or start increasing again.
The red support line broke with a close below and then a sharp bounce up on Monday. This could fade or continue to test highs.
* island reversal at top (blue box)
* RSI dipped below 33.33 and is now testing 50 line (red dash) - tomorrow RSI will be lower if SPY fades down
* 4-10-20 moving average cross down (red arrow)
Cautions:
On TTM Squeeze, bars could turn lower or start increasing again.
The red support line broke with a close below and then a sharp bounce up on Monday. This could fade or continue to test highs.