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bottomshorter
Aug 17, 2020 3:57 AM

SPX weakness... New Coronastrain found in Malaysia... Short

US SPX 500OANDA

Description

Rising wedge distributing on lower volume, forming after a huge drop. Be weary in this environment. ATH can be reached but not sustained.

Trade active

my AAPL puts are still in play, smash it down plz.
Comments
ProfitHarvest
Yep, more or less.
bottomshorter
@ProfitHarvest, if it doesnt hold the green support, i think its rekt
ProfitHarvest
@bottomshorter, Yea, lots of people agree 3330 is the last stand. Mine's at 3300. We'll be under by EOM for sure.
bottomshorter
@ProfitHarvest, Agree with that. 3300 is a solid last stand for sure. My Apple puts are ready to go... Theta is on my side with this trade
ProfitHarvest
@bottomshorter, Oh yea, this thing aint lasting long!

zblumstein
I don’t think chromahas anything to do with why SPX is crashing I think this is more of a crowded technicles crash. And how do we evaluate the tech if our economy is not actually getting better
bottomshorter
@zblumstein, it was a flashy title, i didnt really even talk about corona in my analysis lol
ProfitHarvest
Nice
zblumstein
seems to me it's moe of a channel then a triangle right now it didn't really touch your triangle lines much
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