Long $SPY CMP $434.70. $SPY trading below 50 EMA. I am long on $SPY, expecting it to bounce above 50 EMA after VIX goes below upper BB level. Would be interesting to see the tug of war between bulls and bears in coming days.
Trade closed manually:
Trendline support broken. Published SPY head and shoulder idea. Next target area ~$423. Bearish for short term now