Been swing bearish on SPX for a while. With previous analysis I thought the stop hunt risk was to 5200 and then the bear trade would come.
If this is right, we have a lot more downside to come. Potentially even taking out all of the 2023 rally. But one thing at a time. Next big support level would be 4725.
Currently positioning with shorts and OTM puts with strikes close to ATM and high RR ones close under 4800.
If this is right, we have a lot more downside to come. Potentially even taking out all of the 2023 rally. But one thing at a time. Next big support level would be 4725.
Currently positioning with shorts and OTM puts with strikes close to ATM and high RR ones close under 4800.
Operación activa:
Trying big large here. This is optimal level if the downtrend is going to hold.
Short 5190
Stop 5212
Short 5190
Stop 5212
76 trade