jlb17ww2

Bullish Crab & Butterfly

Short
CBOT_MINI:YM1!   E-mini Dow Jones ($5) Futures
It seems DJIA futures are are currently forming both a bullish crab & butterfly pattern and both patterns converge within the same territory. I believe price will begin to stabilize in the potential reversal zone (purple box) and at the same time continue to develop bullish divergence. I bought a significant amount of SPY OTM April puts to act as both a portfolio hedge and provide a potential gain. Should be interesting...
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