This week was in the book, and the SPY closed at a second major lower high. I suspect it is heading to $185 level, about 8% drop from current level.
Might be a good idea next week to open a short position with a stop at about $206. Risk is about $3 dollars, and reward can be $10+.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.