$SPY short trade. Is the party coming to a halt ??

٢٧ فبراير ٢٠٢١

SPY is at Trendline support here! But there is also a bearish wedge forming ! If the price breaks the wedge to downside..

What's the trade here ? #RedDevilTrades
- Short SPY if 380-379 support breaks
- Cover 25% at 368-369 zone
- Cover 50% at 356-358 zone
- Cover rest at 328-330 zone.

For the market's sake & our 401Ks let's hope it doesn't come to 330. But we should trade the charts not
what we hope for.