Next Leg Down in This Bear Market Is Underway

2 Nis 2020

There are a number of bearish conditions currently on the S&P 500 chart:

1. Death cross (50 day SMA crossing below the 200 day SMA).

2. 10 day EMA has broken and is now acting as resistance.

3. RSI back to neutral levels - room to give.

I am short here and am also selling out-of-the-money calls on the SPY.

9 Tem 2020

Not

This was a losing idea.