$SPY to Bounce off $425
Hello All,
SPY to bounce off $425.
Until then likely will complete some semblance of the H&S pattern formation (Consolidation and Bearishness trend then). Actually soon would be good time to enter very short term bullish verticals to take advantage of the whipsaws until $425 when markets very over extended.
Until $425 OTM Calendars as well as OTM puts at pivot highs on shorter time frames is a must.
Bearish.
Best,
matteophone
SPY to bounce off $425. Until then likely will complete some semblance of the H&S pattern formation (Consolidation and Bearishness trend then). Actually soon would be good time to enter very short term bullish verticals to take advantage of the whipsaws until $425 when markets very over extended.
Until $425 OTM Calendars as well as OTM puts at pivot highs on shorter time frames is a must.
Bearish.
Best,
matteophone
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