M2Capital

SPX Short Through April

Short
SP:SPX   S&P 500 Index
A meaningful sell of is imminent. Anchored Fib suggests that the target zone to the downside is 26-2500. Huge Elliott Wave and fib resistance near the highs... Momentum has a bearish divergence (MACD, RSI, etc.). Good time to short options with a stop over the highs and let it ride. Looking for 61.8-78.6 retracement of previous swing up - and then long from that level because the markets will rip higher.
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