• Holding all cash heading into tomorrow. 

• The market opened up green and immediately started coming back down under 390, and hung around 388 pretty much all day. 
• It was a flat choppy mess all day that stuck around VWAP. 
• Honestly the only takeaway I have from today is how strong the market was to hold most of Friday's gains and not completely sell off.

• Tuesday has a data release at 10am that could spark the market a bit more with the Consumer confidence index.
• There are some major landmines this week on the calendar. But nothing until Wednesday morning.
• Wednesday - GDP data in premarket, JPow speaking at European Economic Conference at 9am. 
• Thursday - PCE inflation data is released in premarket (this is the Fed's preferred metric)

• Technicals - We are no longer overbought on the 30 min and 1 hour charts. So neutral on those charts plus the 4hour and Daily charts. 
• Technicals - We are holding above 385 pretty well, but I see that test is slowly coming.  
• We have a gap to fill up to 400 on SPY. This should get filled as long as the economic data this week does not come in too hot. 

• If we retest 385 on Tuesday, I will grab calls as I think we retest 390 again and ultimately head to 400. 
• I am not seeing much of a reason to play puts here unless we just knife right through 383. That would signal a 380 test is coming, so a quick scalp could be had. 
• However, I will be looking at calls at 385, and if the market keep diving, I will double up at 380. 
• If we break under 380 soundly, then I know any play on calls is risky. 
• I will not be holding anything overnight on Tuesday and Wednesday due to the economic data releases happening in premarket the next day. 
• As always all of this is my opinion and not financial advice. 

• $SPY - levels 380 > 383 > 385 > 387 > 390 > 397 > 400