SPY / SPX - Waiting for breakdown to enter - Short / Puts
RSI had fake breakdown.
Waiting for SPY $315-$320 (possibly overshoot with euphoria to $330)
Fed rate meeting coming up on December 11, 2019 www.cmegroup.com/tra...ntdown-to-fomc.html/
SPY / SPX has been in uptrend for a month, despite all world issues of debt, QE, impeachment proceedings, and being extremely overbought.
Regardless of how we feel about the outcomes of the issues above, these issue should be enough to qualify a drop in price given SPY current standing.
When this does breakdown, hard, it will be an excellent short position based on past history.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY. Looking to re-enter SPY short position after breakdown confirms.
Waiting for SPY $315-$320 (possibly overshoot with euphoria to $330)
Fed rate meeting coming up on December 11, 2019 www.cmegroup.com/tra...ntdown-to-fomc.html/
SPY / SPX has been in uptrend for a month, despite all world issues of debt, QE, impeachment proceedings, and being extremely overbought.
Regardless of how we feel about the outcomes of the issues above, these issue should be enough to qualify a drop in price given SPY current standing.
When this does breakdown, hard, it will be an excellent short position based on past history.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY. Looking to re-enter SPY short position after breakdown confirms.