moneysignSean

Short spy 10% drop incoming

Short
moneysignSean Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Spy looks bearish.
Spy is trading in a channel.
It hit the top of the channel as well as a double top
price could not break the .618 retracement level.
there is a bearish divergence on the stoch 4hr

With a new inflation record and the fed thinking of faster rate hikes this could get nasty tomorrow.

i have spy puts puts and more puts
Goodluck everyone.
Bulls are gonna need it
Comment:
Holding next week should drop
Comment:
What a play!
I did not sell any positions.
Hold on guys its gonna drop ALOT more.
Trade active:
spotted a head and shoulders also while charting today...

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