SPY 8/3 Fibonacci

It’s looking like the bulls are running out of steam. To much news with Taiwan and China. Taiwan makes a ton of chips and now china has said they are shutting down 2 apple plants which is not good so let the games begin. I’m seeing a little bit of a downtrend making higher lows and lower lows. Let the play come to you do not force the trade. Don’t let a scalp trade turn into a day trade or a day trade turn into a swing trade have a plan please. This soft landing the feds talk about is running out of runway. China will flex there muscles in a big way they love economic war. Just like this afternoon the market will knife faster then you can act. As always trade what’s in front of you good luck
I’ll be more heavy on put then calls as far as contracts