Yesterday we mentioned to look for buy entries into a retracement, giving a zone of 4140 - 4100. We may be seeing a hold of 4140 (With a slight spike out) here. Important to protect bear profits here. Long positions with stops 4120 and long again 4095 stop 4075 look good here.
It should be respected we’re ranging on big charts and chop can continue, however, if we make a good bull run here we might see a several 100 point trend.
Shorting put spreads for 4080 - 4050 strikes.
Buying calls for 4200 - 4260 strikes for end of next month.
Also taking some shorter term aggressive calls (Although these have a lot more risk to them because we need levels and timing to be correct).
Have a strong sense we may make a low here 4130. If not, 4090 is next major support. Breaking of 4080 - 4070 will trigger an update (Probably a bear plan).