SPDR S&P 500 ETF TRUST
Long

Another 5% rally towards 260

115
The market has plunged parabolically over the past week and we can expect more profit taking for shorts so can expect more buyers to come back. We can expect a pullback towards 260 where we can potentially see sellers coming back again to bring the market lower. It might be wise to lock in profits for current short positions and to time your reentry at around 260.

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