SPDR S&P 500 ETF TRUST
Short

$SPY short idea

123
SPY inching towards a supply zone that has shown a big imbalance at the $206.50-$206.86 levels. Has been tested before so the level isn't fresh but the last retest was rejected with a gap down showing institutional interest to sell. Working on locating my S/D zones with more accuracy, looking to short into the supply zone, entry around the $206.66, stops just above the supply zone, aiming for a flush in the 204s

Disclaimer

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.