watching very close here. watching the daily 20ema (red)/200ema (yellow) - bearish crossover
hedged with vxx and selling vxx covered calls as usual during volatility.
if we look back at the past indicators the s&p has seen significant drops on this cross. if we get the crossover and a move up, im playing it like a bull trap.
2day 200ema was support on the russia/ukraine drop
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we got the bear crossover. has shown above past data would indicate this could have been a bear trap as i stated feb 27th
hedge with vxx, selling vxx covered calls. watching dxy and gold for break outs here above the 618 fib retrace