whiteknightmoving
Long

SPY - Getting Close to the Deep Crab Target Buy Zone!

AMEX:SPY   SPDR S&P500 ETF TRUST S&P 500 ETF USD DIS
Old Fart Plan for the next few days. I will sell my puts at The target of 266.6. This is the Deep crab target zone. Also it would let the price action retest the old resistance line from the Oct-Dec highs in a "throwback" pattern. If the bear is starting again, then a bounce to the sell zone should be next. I'll buy some calls for this move up and then once in the sell zone, sell the calls and reload with puts again.
The Deep crab pattern would give us 5 waves down if completed....
I am bearish until target zone is reached, and then short term bullish ,
Hence the "long strategy" was chosen -... after we reach the buy zone!
I went short end of day
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