$SPY - Morning pump on inflation coming in at 3.0% lower than expected 3.1%. Since a lot of the move was after hours we now have a big gap lower. The 30 minute strategy is a little tough today and once again will only add if there is confirmation in either direction. We got Green then Red candle so not the ideal scenario for upside. If support breaks can switch to puts on confirmation and play lower gap target but for now support still holding and so is resistance. If up on the week no need to risk giving back profits, so can be safer playing confirmation or just holding the initial entry and watching.
