Justiceisfalse
Short

Looks ugly for the week

BATS:SPY   SPDR S&P 500
87 0 0
Short thesis:
Major trend from March 26 is broken.
Falling out of the channel this afternoon.
Intraday downtrend keeps on getting confirmed.
Major support zone not offering much support.......

Long thesis:
BTFD!
Higher timeframes are oversold....
Might get a rally in to VIX             expiration next week.

Strategies:
I lean short and whichever way one chooses to play this, a stop would be against 212.50
I missed selling the 213 calls this morning. Might look at selling 212, 211, 210 but lots of premium already erroded.
Could buy the 208 down to 207 puts
Anything outright would be on the ES with a stop at 2108
Targets are lower ES@2033 most likely
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out