SHORT | SPY | 03/29/2021 to 03/31/2021

27 thg 3, 2021SPY
It looks bearish to me, by analyzing price action, block equity orders and option flow here is my idea:

I see 2 scenarios for Monday:
1- It goes up near ATH, test ATH and then drop to 389 area.
2- It will open with gap down, around 393 and then drop to 389

* it was too much for one day, it's much look like a bull-trap, a perfect set-up for 5-10 percent correction, it happens when you don't expect it at all, and it's now.

*This is my idea and could be wrong 100%