$MTUM against 300 is the level to watch, a close below signals more weakness and more reason to keep puts running. Goldman's momentum index is down 45% now, worse than 2000, 2008, 2020 and 2022. Momentum should snap back hard eventually like it always does, the job is figuring out from where, and using that bounce to de-risk before November.
Aggregated and distilled by Two Sentence Traders. Not financial advice.