S&P 500 IndexShort
SPY B i g s h o r t
being bearish is more fun than bullish.
Everything giving negative divergence! of course, price could continue up with support from liquidity; however, there is a possibility the debt ceiling will significantly reduce liquidity. Either way, interesting to point out all the divergences occuring right now. I'd definitely consider some longer term OTM puts right about now. One more test of COVID trendline could be cool for entry, as short term price still strongly favoring bulls
Everything giving negative divergence! of course, price could continue up with support from liquidity; however, there is a possibility the debt ceiling will significantly reduce liquidity. Either way, interesting to point out all the divergences occuring right now. I'd definitely consider some longer term OTM puts right about now. One more test of COVID trendline could be cool for entry, as short term price still strongly favoring bulls
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.