So looking at the current situation of the market, it might not be such a bad idea to be long. The market is near its long time low.
RSI is making lows at the same level. MACD is making higher lows. CMF making higher lows. If we have a close above 80, it would nice. But a close over 86 would be higher than the previous two candles. It would be a very bullish signal. Might be more likely to see it closing above 80. I’d be thinking of possibly getting some calls. Dec 85 SPY calls would be decent. But also expensive. Can only afford Dec 90. Those are too far out of the money. SPY could certainly see 90 before the end of Dec. but it’s a long way to go and time decay would also start factoring in.