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Quantamental
Sep 3, 2019 10:55 AM

XLE - Quick Short. Bear Call Spread Short

SPDR Select Sector Fund - Energy Select SectorArca

Description

Long Term Trend Downwards.
Increase in Volume.
RSI >85
PA recent Short term push but looking for Revert to Mean Lower.
Taking 57/58 Call Credit Spread
Also 56 Put for Directional Bias Lower.

Sept 20th Exp

Good Luck - Watch your $$$ RISK
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