I'm not really trading off of patterns, but this seems like a bearish pennant to me. We'll most likely break lower in the next days /weeks and head down to the low from 6/17 or even lower support zones. I'm hedged as off now with expirations in August and September.
Chart PatternsTechnical IndicatorsinflationpennantbreakdownputsshortsetupSPDR S&P 500 ETF (SPY) Trend Analysis

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