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20 sty 2019 04:06

Shorting with some concerns... $SPY $SPX Short

SPDR S&P 500 ETF TRUSTArca

Opis

Concerns:
  • Moving Averages - Bullish
    Trade progress announcement
    The Fed being extra dovish




*Indicators:
Volume - Bearish
Market rally has been off the back off light volume
Fibonacci - Bearish
About to hit strong resistance at $270
After a V-rally I'd be shocked if the bulls don't run off with some profits

RSI - Bearish
Every time the RSI has been at this level recently it has dropped (Oct-Nov-Dec)

Macro Headlines
  • Impeachment talk
    Trade Wars
    WSJ claiming tariff relief - treasury department denounces it
    China trade agreement with Germany
    Govt Shutdown - no end in sight
    Brexit



Simple Option Entry
o ITM puts (within 3 strikes)
o High Delta/1-year
o Double Check Volume Bars

Hoping it gaps down to $256 this next week - highly possible.

Transakcja zakończona: osiągnięto poziom stop

2% loss
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