I will provide more stats after we see the close today, but with the big 3% gap down in SPY, a set-up is definitely in play for a rebound into next week. The backtest stats are good for both equity and option plays with expiration ending next Friday or exiting the equity trade next Friday.
So this is a heads up that a position may be taken before the close today. If there are immediate questions regarding possible positions, let me know ASAP to do some further back testing prior to the close today.
Pete
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