SPY has once again tested the ATH level, marking its third approach to this price zone and, once again, making a reversal candle. It feels like the market may be losing momentum, so I’ve decided to set up a bear put spread trade that would benefit from a potential decline within the next 42 days. All information is available on the chart.
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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.