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S&P 500 Call Option was Sold and Put was Bought as Stock Market Outlook Turned Darker

The previous week’s “as good as it gets” played out last week, with a failed breakout through major resistance. But bears still need more to prove their case. The jury is still considering the evidence. This report shows it to you.

Meanwhile, our SPY call trade from 2 weeks ago was stopped out with a 65% profit on Wednesday. A conditional SPY put trade was triggered when the trigger condition was met with 5 minutes left in the trading day on Friday. I have updated that trade to include stop levels and an S&P price target.

Technical Trader subscribers, click here to download the report.

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