There are many things going on within the market. Rate cut odds are high if there is a letdown with no rate cut on the 28th the market will belly flop.
If ISM numbers are even worse next month then it'll flop. If china and the tariff situation gets worse because GDP numbers were poor in china and they may sour relations due to the trade war it'll bellyflop. Now I'm not saying we're gonna crash that's absurd, all I'm saying is there will be some or pullback.
SPY Puts NOV 29 exp . 299/294
Cost is $1.52 x 10
Max gain will be $1 or 1.5 on each put.
Max loss is $500 if I'm dead wrong and we end up at like 303 within a few weeks.
Double divergence on OBV and , WEEKLY and Daily.