if my count is correct then this week we shall see SPX close sharply lower under 4200 to end the week with piercing engulfing pattern reversing last week bullish candle, failure to close under 4200 means 4472/4550 eventually 4800 are on deck. i prefer to short SPX via longer dated put options, putting my money on the table knowing my max loss is the premium i paid.
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.