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UnknownUnicorn2777229
Mar 8, 2020 7:18 PM

SPY more down? Short

SPDR S&P 500 ETF TRUSTArca

Description

Over the weekend it looks like the virus has gotten worse within the US. The may lead to more downside this week. We are currently in a correction zone but below $271.2 we are in recession territory or 20% down from our previous highs. I think that $286 and $281 will be hard resistance to break through to go lower. I am going to long puts on SPY but also hedging this week until we break $286 and $281.
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