lead into by a bearish ABCD pattern set up to the .618% fib Disc> I own $270.5 put options on Spy
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lead into by a bearish ABCD pattern set up to the .618% fib Disc> I own $270.5 put options on Spy
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will also see a similarity on the Daily $spx500 chart
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If last rejection is true then we are looking at a True Triple Top
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$266.53 100% inital risk
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will attempt to find support at the .50% fib level, so if you short likely a good place for profit taken. Although bearish trend could cont. to the 100% initial risk area. But could be a stampede at the door.