SPY MAJOR RESISTANCE LINE

27 May 2020

SPY is unstoppable, for whatever reason it may be. However, a major resistance level has been reached, and one might try their luck at shorting spy here.

No directional trades, options only. Be careful and measure your risk reward.

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Wish you all best of luck in your trading!

27 May 2020

Not

The rally will most likely continue, but it is unsustainable, those buybacks have limits , and those who are swing long, will have to take profit soon, not to be the last ones to do so. So, having put options at the identified levels, even if the market goes higher is a good idea.Will say it again: this is an options trade, do not just short the spy....