So today I opened a new position for a swing trade on SPX. Its a 45 DTE position and I’m looking to close at 50%. This was not shown on the indicator that I use, but a position I decided on my own. I still think SPX is overall bullish so we might not go too low even with tariff news. I sold 6580/6575 Puts for $0.80. I plan to increase my position if it goes lower in the next few weeks. I also plan to open a new position every week where price touches the bottom green ATR level on the Multiday.
My Reasoning for this idea: I noticed that as long as we are on a bullish market (price is above the purple line which is the 200 ema for SPX on the daily time frame), whenever price goes near or touches the green bottom line on the multiday ATR level, it normally doesnt go further down or returns to the upside in a week or two. My idea is to just sell puts with at least minimum $0.80 credit around 20-25 delta which will give us room for any other push lower. My DTE selection is anything under 45 days or closest to 45 days which will give us more wiggle room. My Target will always be 50% for half my position and then close on the 21 day mark.