Markup Monday

A decline early next week would get the market to maximum oversold and setup a nice risk/reward long trade. However, markups have tended to happen two days before the end of the quarter which works out to Monday. That means there is a good chance the trade will not set up and that the turn of the quarter rally has already begun. I have a very small long (via my short SPY July 104 Put position) but still have less risk on than I have had in years. Have a great weekend.

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