Wednesday, March 25, 2020

Short-Term Bullish Sentiment Remains

Continued expectation of a move toward:
2,700 (/ES - E-mini S&P 500 Futures)
or
270 (SPY - S&P 500 Spdr ETF)

I currently have an order to sell short SPY at 273.15 (1/2 position). Will make it a full position if the S&P trades higher.

See SPY chart below for trade entry targets (end of day 3/25/20) :



You can follow this trading idea in its entirety at:
https://www.tradingview.com/chart/ES1!/6dg3ZUN4-Trading-in-Major-Market-Downturn-and-Weakness/

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