SPY Resistance Test Short Idea
Nice relief bounce for bulls today, but I expect it to be short lived. SPY is coming back into previous lows around $547. I think this is a great spot to enter puts, risk/reward is tight and it has a ways to fall. First target would be $542.50, if that breaks I'd be watching Friday's lows for another potential exit target.
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
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