The Long Dec 31 2019 292 Put @ $1.69 cost basis Trade will be make or break this week. There is strong supply that we are currently resting at after a very strong up day today off the back of the jobs report.
The setup is very similar to the chart below, shown in “Update 5” post. The big difference is that the chart below was sitting at resistance on the Hourly Chart and the chart above is sitting at resistance on the Daily Chart. Big fish eat little fish. We will see if this holds true this coming week as this trade is truly make or break time.