We might have confirmation candle today !

The futures were negative before market open. The ISM data released today was also below expectations and the futures react accordingly pushing the prices lower. It seems that this week is the week to go back to reality and continue the downtrend. If we close lower today, we would have the confirmation candlestick required to confirm a reversal after yesterday down day. Anyway, I have to be careful, as the market is very volatile these days and like to give mixed signals.

Since it is 2 weeks before expiry, I am considering to play one of my favourite strategies - at or in-the-money credit spreads. This strategy offered limited risk and limited profit. The sector to play is still the same - housing, financials, etc.

- PersianCat (Millionaire-in-progress)