loloptions
Short

Why the monthly looks bearish

AMEX:SPY   SPDR S&P 500
I'm bearish on the monthly unless we have a miracle on SPX500            

We've had 5 bounces of this key support line, I view it like ice on a pond. Every rally after it is shorter lived and weaker since the 2nd bounce

If we retest this support area I think could be the final straw that breaks the ponds back
To be fair, I failed with this trade but I keep it to look back on my poor assumptions
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