General Market Overview - Looking at the S&P 500 Chart

Overall Outlook: Bearish

Looking for a temporary reversal to the upside soon. When the upward move does happen, will be looking to fade the move and sell short. WTT expects market to go on to make lower lows.

Price Points To Watch:

SPY (S&P 500 Spyder ETF)
Long Entry Price of interest:
$200

/ES (June 2020 - S&P 500 Futures Contract)
Long Entry Price of interest:
$2,000

Current Position: Flat (none)
Will post any trades if taken

Longer Term Look (a potential market bottom extreme)
If markets do suffer extended loses this year, watch for the $1,400 level on the S&P 500. this will represent an incredible buying opportunity if it presents itself.

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WTT view as of 3/20/2020