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!