EchoAlphaBravo

SPX Breakdown

Short
SPCFD:SPX   S&P 500 Index
It appears we are destined to move lower. I wouldn't be a surprise to see a bounce back to resistance (green arrow) before extending down to the 127.2% extension of the major move this year. Stay protected!

I'm short via long January puts, and even bought some SPXS in the afterhours the other day since I had closed my previous put position.

Comments

It's clear recession, sell or wait for until 1650
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