From Earlier Post
Today's Short-Term Outlook And Vector Analysis On The S&P 500 0 comments
Look for a bounce to at least the quarterly EBD unbiased (grey spaced) forecast echovector and possibly to the unbiased 4AM (solid grey) quarterly echovector (QEV EBD FEV). In real strength the market could test the white downvector from last Friday's and yesterdays highs, and even the blue monthly FEV. The latter would be extremely bullish going forward into next week's open and might indicate a short term however tenuous bottom was put in this week.
At 11:29 AM EST: Cover SPY May 19 136 Call at $1.75
Morning's price $1.10
Meeting the monthly blue-line echovector, the topside price level (best upper level) of forecasted resistance.
Reverse open option position polarity, riding put potential to end of day.
*AS ALWAYS, Stay nimble, looking for EDPs and ESTPs on DEV and WEV confirming failed (negative-weighted, echo path direction countervailing) TPE extensions, and/or EDPs and ESTPs on DEV and WEV confirming extra-affirming (echo path direction extra-affirming, positive weighted) TPE over extensions.