Week of June 23

Where I would look to buy.

Recap of last week

We have been bearish and risk-off positioned the entire week.

The title of my post last week was “SPX at 6000 prices in very few risks”. That is turning out to be a good call.

We bought SPX put spreads for EOM on Monday afternoon, within 2 hours of the high of the entire week. We took profit on the Thursday night gap down. We also swung a partial position over the weekend and it looks like ES will open with a big gap down. That was the only trade we took last week. No losing trades.

The short side of this trade is close to being finished soon, and I am beginning to look for a point to get long again.

Next move for markets