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Trade_Integrity
Apr 3, 2019 6:01 PM

SPY Head and Shoulders Short

SPDR S&P 500 ETF TRUSTArca

Description

SPY reached the resistance level and top of the left shoulder in a head and shoulders pattern (286.69).
Also coinciding with this on the weekly candle the stochastics have signalled sell.
Been waiting for this signal, bought 287 puts this morning when the price was at 287.07.
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