SHORTING $SPY to 340$
We see a nice pattern for a downtrend here. We also see that no line was broken. There was a breakout. At 400$ there is a spin, means the market is spinning, after the breakout at 400$ we go to the 340$. I will go in with options from there.
Note
Spin is at 402$ not at 400$.
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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.