SPY puts
i like this set up on the short side
we have
1. bearish divergence: price made a higher low, while RSI created a lower low.
2. MACD crossed below the signal line, this is known as a DEATH CROSS. aka bearish sign
3. Lastly, we see price reject that 8EMA and VWAP resistance/convergence.... bearish sign as well.
**Following is for my records only and should not be taken as financial advice**
Entry: 354.80
TP: S1 line on 1H
we have
1. bearish divergence: price made a higher low, while RSI created a lower low.
2. MACD crossed below the signal line, this is known as a DEATH CROSS. aka bearish sign
3. Lastly, we see price reject that 8EMA and VWAP resistance/convergence.... bearish sign as well.
**Following is for my records only and should not be taken as financial advice**
Entry: 354.80
TP: S1 line on 1H
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