Based on Decision Point Charts multiple plots showing signs of being over sold. However, no charts have confirmed a reversal, we are still early. 1hr MACD is showing signs of strength building. Theory is that market has already corrected for the .75 news to show support when news breaks from Fed. CME fed report shows 90%+ support for .75 hike. Vix also showing signs of weakness as early indicator. Wait and see.
Current Position:
Holding Short Puts @3500. If market dips 3650 I will need to roll down to 3300.
Current Position:
Holding Short Puts @3500. If market dips 3650 I will need to roll down to 3300.
Trade active:
Rolled position from Jul @3500 (15.00 -> 90.5) down to Aug EOM 3400 x 98.50 -2
Trade closed: target reached
