SPDR S&P 500 ETF TRUST
Short
Updated

Short spy 10% drop incoming

290
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
Note
Holding next week should drop
Note
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...
snapshot

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.