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TRADE OF THE DECADE - HERE WE GO
SPDR S&P 500 ETF TRUST
Short
TRADE OF THE DECADE - HERE WE GO
By FishyTrades
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Updated
Apr 8, 2020
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Apr 7, 2020
Market making itself clear, so far today we saw a rejection of the 275 fib level 61.8%.
BUY PUTS AND LONG SPXU
Puts can be tough when trying to select an expiration.
SPXU, lower R/R but safer in case market swings up to $300 (next resistance).
Profit target- spy 200/220 next month or so
Apr 8, 2020
Note
Edit:
$275-278 = 50% retracement,
61.8% at $293
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