11 a.m. New York time
SPY (lot 11) analysis posted.
10:45 a.m. New York time
SPY (lot 10) analysis posted.
10:05 a.m. New York time
Elliott wave analysis: The S&P 500 continues its downward course in the 3rd wave of the decline that began March 3, within a larger scale 3rd wave of the decline that kicked off the crash on February 19. So far the entire movement from February has carried the S&P 500 down 32.8%
I entered two short bear call options positions on SPY, the first in the series expiring May 15. Analyses to come shortly.
By Tim Bovee, Portland, Oregon, March 19, 2020
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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