Here's the most recent SPY/3C charts
SPY 1 min hitting a new leading negative low
Here's a close up view.
The 2 min is negative and leading negative.
I'd rather have a very serious dislocation in the Risk Models, but based on the early action thus far, I will be adding some shorts (via puts) in the WOWS Options Portfolio. I'm not swinging for the fences right now, just adding a few positions in the market (SPY, DIA, QQQ). I'll be leaving room to add if we get higher prices.
The reason I'm using the options portfolio is because I don't have any dry powder left in the equities portfolio.
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