SPY Short Target
SPY broke it's uptrend from April finally and even broke below the previous ATH around $550. We have some demand here on ES and NQ, but I'm not sure anything is going to hold if VX continues ripping. For now, I'm thinking we may bottom out soon, I think the $542 area is a good spot on SPY, it's not far.
If no quick recovery here, it's just going to get a lot worse.
If no quick recovery here, it's just going to get a lot worse.
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
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