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