Bought some spy puts here.
Market was chopping at a daily profit target from the most recent highs to lows extension. Yesterday broke the 15 min ext support the was holding the market at the daily profit area.
Will exit half right above 181 and see how market behaves at the 181 level which has structure support and is the 50% retrace of the daily swing that went to target. I am expecting continued movement lower to the next daily extension - way down at 179.21.
Good Screenshot of plan -
Market was chopping at a daily profit target from the most recent highs to lows extension. Yesterday broke the 15 min ext support the was holding the market at the daily profit area.
Will exit half right above 181 and see how market behaves at the 181 level which has structure support and is the 50% retrace of the daily swing that went to target. I am expecting continued movement lower to the next daily extension - way down at 179.21.
Good Screenshot of plan -