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Options Trading Mid-Week Update: January Lows… Sell the Bounce?

We’re back at the January lows, which is reassuring the downtrending move we’ve been watching. We’re seeing sell signals across the board on multiple names, with the major indexes like the /ES not yet firing its weekly squeeze and the /NQ only 2 weeks into its squeezes. Typically we look for 5-8 weeks of momentum, so we still have the path of least resistance to the downside… Meaning our mentality is still to sell any potential bounces.

Stay Focused!