Hello,Traders! S&P500 is trading in an opening wedge And it finally broke out of the smaller wedge After bouncing off the wedge resistance The Index is Wildly overbought Which makes me quite bearish And I think that after a retest of the broken level SPY will fall further to retest the wedge support IF support gets broken, it will mark the beginning Of the greatest recession in history! So for those of you with a few extra bucks May i suggest put options trade Strike 350 and below with couple of month away expiration Might get a massive RR Sell! Like, comment and subscribe to boost your trading!
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