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TheOptionsWitch
Nov 22, 2018 4:15 PM

H&S Formed on SPY 60 minute chart Short

SPDR S&P 500 ETF TRUSTArca

Description

Lots of bearish signals appearing on all timeframes for SPY. Tech still weak and selling off. Market action is still weak (all pops get immediately sold off). We keep testing crucial 262 support. Look for a break under 260 for a capitulation event down to 250 area. This is when we will see the bullish reversal.
Comments
htmlboss
So following the tried and true "inverse bateman" method, we've hit the bottoms and I should go all in OTM weekly calls?
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