Short

SPY - The Bear Case

Updated

We can view this look as a 5-3-5 Zig Zag correction. The 3 wave is now or about to be completing. The C wave down, which would occur in five waves can be expected to reach equality, C = A, at the 355 level.

Adding Jan25 500 Puts for portfolio protection

Note

AssetDesign

Also on:

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.