Looking for a put option here..
SPY looks primed to reject that resistance.
If you look left, previous rejections clear as day. Its a strong wall so this will be interesting.
Also looking at that trend line, I think I will wait to buy a put until that trend line breaks.. I believe we'll be here for a little closing in on that triangle.
Stay tuned!
If you look left, previous rejections clear as day. Its a strong wall so this will be interesting.
Also looking at that trend line, I think I will wait to buy a put until that trend line breaks.. I believe we'll be here for a little closing in on that triangle.
Stay tuned!
Note
Triangle getting closer and. closer, beware.. possible breakout or breakdown.. I would wait till we have confirmation
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