S&P500 Breakout! Will Fall! Sell!
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!
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