If the SPY sustains this $305 range and confirms the trend line, I will be looking to play the upside. Otherwise, if we break through that valley, the market is in a new trend and likely a downtrend.
Note
Sold my calls around midday. Saw this trend break coming from a mile away. Bought the puts.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.