paulyberndt
Short

First sell Fractal Showing Daily SPY

AMEX:SPY   SPDR S&P 500 ETF
277 3 2
Market has been whipsaw however we now have a sell stop
fractal setup on the daily SPY             . Another area of entry would be up
against the Gators teeth redline with a stop at the jawline blue,
There is buy pressure currently and I see to much whipsaw without
waiting for that sell fractal.
so what SPY puts are you getting?
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will be looking at the DEC puts with a 75 or 80 delta deep in the money. If those are two expensive one can drop down to the mini options on SPY too using the same delta
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been waiting for this update, although i could also see that this fractal was there once it dived
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