d54dc8da-3c3b-4940-81d7-d9ecdace66f5.jpg
f25ffdd3-31ce-4a1d-973d-3a4a7ea31d67.jpg

Another volatile day for the markets. We got that oversold bounce - congrats if you lightened up on things. 

Otherwise today looks like that Trend/Pullback reversion to mean system will be taking that second entry that it didn't take yesterday, so I'll add it today

- 2 SPY Call options expiring Feb 28th, 438 Strike Price. 

Please realize that we are in extreme volatile environment. These reversion to mean systems buy when pain is high and they are not comfortable. Prices could go lower where 3rd entries occur before these systems get a bounce. That's their nature.

As far as the market - there's a few open gaps below that could be magnets

Anyway I'll examine the market tonight in the newsletter

Matt

Providing high quality market analysis with an emphasis on technicals education since 2003.

3309 Drysdale Court
Edwardsville, Illinois 62025
support@breakpointtrades.com
HOME ABOUT ENROLL CONTACT