• SPY traded 373.44 - 378.30
• Forget normal session, the wild ride was in futures/premarket.  Down to 374 then up to 390 and back to 375 shortly after the open. I was rich and poor so many times before it actually opened again.
• I’m not surprised they could get a bounce out of it during main session.  There’s just…nothing… to be positive about fundamentally.  It’s just the start of the pain to come on earnings and it’s not yet Peak JPow Fear.
• The market rode 375 VWAP pretty much all day.  Not much else happened.

• SPY levels:  373, 380, 390 (I’ll update sub-373 over weekend)
• Chart - Weekly: Bearish - curling down fully in motion now - we’ve got a long ways to go down from here.
• Chart - Daily: Bearish - but I expect 373 to put up a fight - again.  It will break eventually though.
• Chart - 4h: Bearish - it’s nearing oversold, but 4h loves to push through on bottom end of RSI.

• There’s some data coming out, but it won’t shift market.
• JPow speaks at 2pm but it’s a non-event.
• I am expecting Friday to be a low volume green day.
• I’ll be looking for a spot to add 1-2 SPXp for October 31 again.  I think more people will figure out exactly what JPow hit them with by then.
• Plus, Putin still a wild card.

• I’ve got no position right now.  I’ll start building back up my core puts position for October 31.
• Would be great to do that above 380 - but unlikely to happen. So I’ll start at 375 with the first one.