SPDR S&P 500 ETF TRUST
Short

SPY Big Picture Update - March 18, 2021

552
The negative divergence holds! The FOMC was a mere distraction from everything that's happening internally in the markets. Granted that the rally due to stimulus checks has been "priced in" - I think we could start a new down trend going into next week. As always be vigilant and flexible. Our key would be a break and close below SPY 390 tomorrow. I currently have IWM Puts expiring 4/16.

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