Bearish pennant, SPY will go down, but before one more bounce

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We may see one more bounce to 426, possibly 430 (higher high on this downtrend)
This may happen overnight or tomorrow.
After that I expect continuation of the downtrend.
Also we are about to experience death cross on daily (21 of March is my guess), which will coincident with end of pennant.


I am short on SPY from 350 with 20% of my position.
The rest I trade and swing.

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ملاحظة

Money shifted from energy to index, which may propel the bounce. My top is 330.
Currently playing bounce on china index using (YINN)

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ملاحظة

Made a mistake and I am shorting SPY since 450 and not 350, 350 is probably where we are heading, lol