UFPI short after BO and resistance area reactionOn this trade, the price approached a well-established resistance area and has reacted to it multiple times, indicating a higher likelihood of a bearish move. Given that the SPY appears to be at the beginning of a broader market pullback, I believe this presents a potential short-selling opportunity to capitalize on the downside.
That said, this setup carries some risk, as with any trade in the stock market, nothing is ever guaranteed. Proper risk management remains essential.
