The major indexes declined for the fourth consecutive day and the losses accelerated. The S&P broke below critical support at 2,750 to test 2,740 before rebounding. However, the close was still under that critical support by just over a point. Technically it is a break but after four days of declines, we could see a Friday rebound.
Stop Loss Updates
Check the graphic below for any new stop losses in bright yellow.
We need to always be prepared for an unexpected decline.
Check the graphic below for any profit stops in green.
We need to always be prepared for a profit exit at resistance.
Current Position Changes
Full updates on all plays on Wednesday and Saturday. Only closed plays are updated on other days.
BULLISH Play Updates
No Updates to Current Positions
BEARISH Play Updates
No Current Puts