There are a number of bearish conditions currently on the S&P 500 chart:
1. Death cross (50 day SMA crossing below the 200 day SMA).
2. 10 day EMA has broken and is now acting as resistance.
3. RSI back to neutral levels - room to give.
I am short here and am also selling out-of-the-money calls on the SPY.
1. Death cross (50 day SMA crossing below the 200 day SMA).
2. 10 day EMA has broken and is now acting as resistance.
3. RSI back to neutral levels - room to give.
I am short here and am also selling out-of-the-money calls on the SPY.
تعليق:
This was a losing idea.