Live: Monday, March 23, 2020

10:55 a.m. New York time

I’ve posted three entry analysis of  my short bear call spreads on SPY. They are:

I anticipate no further trades today.

10:20 a.m. New York time

The market downtrend continues. In Elliott wave terms, I see as a  it as a wave 2 correction of the Minute degree to the upside within wave 3 of the Minor degree to the downside, with wave 3 of the Intermediate degree, also to the downside.

I have re-established my SPY short bear call spread positions, divided into three lots, after taking profits on Friday when they exceeded half of their maximum potential profit. I shall post the analyses shortly.

By Tim Bovee, Portland, Oregon, March 23, 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.

Creative Commons License

All content on Tim Bovee, Private Trader by Timothy K. Bovee is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Based on a work at