Quote from fan27:
Interesting 4 Day Down Pattern today. Looks like we might bounce here.
Four Day Down Pattern in SPY
fan27
Got out with a loss yesterday at 169.31, after 5 down days in a row.
Running out of time on the October PUT, and like you say a bounce is likely.
The idea was OK, but my timing was off - entered at too low a level.
Buying the PUT near 170 and selling it near 162 was the ideal trade.
Futures up so far this morning...