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Path10x
Aug 30, 2020 12:54 AM

SPY approaching decade long ascending upper trendline Short

SPDR S&P 500 ETF TRUSTArca

Description

SPY approaching decade long ascending upper trend-line. Whether you are a bull or a bear, you would agree that there will be strong turbulence approaching this line. Good opportunities for a short scalp.

Target VXX , UVXY, and VIX calls with expiration date a few months out to hedge your positions.

Comments
Langutang
Jan 1st 2018 to present is also showing negative divergence on the RSI. Nice analysis!
Path10x
@Langutang, Thank you bro. I appreciate the feedback. :)
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