• I’ve got no position heading into Wednesday.
• Swing - Buy:  I’ll be looking to buy calls off another 396 test.
• Swing - Sell: If I get them, I’ll be looking at 400 as exit level - though if Friday weren’t in the way - I’d be looking for more.
• I’m looking at Friday do make a bigger move - but how I play it will depend on technical situation on Thursday.  Keeping it in mind.

• SPY traded in a range of 396 to 404
• The selling pressure (and lack of buyers) continued and we slammed right into the 396 level and bounced. Pleased by that, as that was my level.
• I was thinking I was going to exit my calls for a tidy profit looking at premarket - we were almost 407!  It ate it by the open.
• The open at 404 ended up being high of the day and we just kept pressing down and then I exited on the JOLTS data which was bearish for market.
• I played SPX puts down to 396 and made back most of my losses.  Still, very unsatisfactory, because I was in the right play yesterday before flip flopping.
• Today was confirmation of what we expected: Jobs data matters.
• I exited the BBBY calls at the open for a little profit.  That was fun.  It went a little higher after I sold, but it dropped to 11.50 from 15.00 by end of day.  I hope it does well at business update tomorrow.

• SPY levels:  390, 396, 400, 405, 410
• Chart - Weekly: Bearish - important crossing of the Ripster Clouds happened as expected. This is big break in trend to the downside.
• Chart - Daily: Bearish - Pullback continues.  Still some room to go down, but bounce is on horizon.
• Chart - 4h: Bearish - We’re in oversold now.  This one in particular can press on for a few days - so I wouldn’t take the bait quite yet - but be ready for a bounce.

• I really wanted to hold just one SPX call overnight, but I missed that by 1 second (literally) on the fill at 4:15pm. We’ll see if I was lucky or had bad timing.  A bounce is coming - and may have already started off that 396 test.
• We’ve got Mester at 8am, but that’s it - what else can they say?
• There is ADP jobs data, but their value is questionable due to changed formula.  It will take time to build credibility back up, I think.
• We do have international (Europe) CPI data in premarket.  That’s likely to make the DXY dance which we know makes the SPY dance.
• Otherwise - not much else on Wednesday is expected.  
• I expect to see mostly consolidation on Wednesday as we work out technical and wind up for Friday’s main event.