Short-term patterns (hourly price bars) on all indexes are just above reversal down price levels. If looking to initiate or add to existing index puts, these are the levels that will trigger fresh Sells: DJIA: Hourly close below 34140 (currently 34280) DIA: Hourly close below 342.70 (currently 343.00) S&P 500: Hourly close below 4165 (currently 4185) SPY: Hourly close below 418.00 (currently 418.12) Nasdaq 100: Hourly close below 13560 (currently 13680) QQQ: Hourly close below 331.80 (currently 333.10)) If any one of these thresholds is met, be on guard for all of them to follow. When these dominos start falling, it's a safe assumption that a new short-term leg lower has begun that will last into next week, or longer. Options of Interest QQQ June 18th $315P (currently 2.20) QQQ: June 18th $300P (currently 0.95) SPY: June 18th $410P (currently 4.00)
