showing rebound in long term charts, positive option flow
trendline did hold. good area to buy
looking good for short term up to resistance
selling weekly calls here since this is overdone. I am bullish on IWM long term.
SPY seems to be in consolidation. I think we reached a short term top. selling calls generates profit by drop in SPY and/or time decay. will close position at 50% profit or roll into next week.
bullish option activity since wednesday on the weekly and september contracts. I'm in weekly call spreads, plans to add more on dips.
looks like a short term (double) bottom in. also bullish option activity for past week.