prestonbuher

SPY bearish Gann

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
Nice bearish widening wedge playing out and bouncing between these Gann fan and Fibonacci fan levels. Don’t know how long this pattern will last, but I’m expecting a breakout towards the downside. If your planning to play this set up. Use SPXU as the underlying asset. SPXU is a (•-3) exposure to the S&P 500 ... so calls=puts.

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