11:15 a.m. New York time
The SPY chart covers 20 days with 20-minute bars.
My SPY options position expires Aug. 17, which would give me an exit on Friday, Aug. 10, or perhaps Monday, Aug. 13.
With the Minute degree 3rd wave having begun, it’s also time to consider opening new positions with a later expiration.
By Tim Bovee, Portland, Oregon, July 30, 2018
Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.
No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.
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Based on a work at www.timbovee.com.