This week was in the book, and the SPY closed at a second major lower high. I suspect it is heading to $185 level, about 8% drop from current level.
Might be a good idea next week to open a short position with a stop at about $206. Risk is about $3 dollars, and reward can be $10+.
Might be a good idea next week to open a short position with a stop at about $206. Risk is about $3 dollars, and reward can be $10+.