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CNotes1234
Mar 31, 2020 4:33 PM

SPY Short Short

SPDR S&P 500 ETF TRUSTArca

Description

Short Tops. Here are the Potential Tops if the 259-262 Monthly Area Holds at the close.
Explanations of the above ranges, areas to take profit/scale-out and scale into shorts.
As a starting point- some downside positions should begin now. "Healthy" consolidation and premium decreases on options. I expect us not only to re-test lows but to break below them. This is not a timeline of a day or days. This is a matter of price action and am not attempting to hit the timing on the head.
Thus, get decent further out contracts if trading options.
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