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SPDR S&P 500 ETF TRUST
Short

$SPY Eyeing Downside Momentum

Par theapearmy
SPY gap filled yesterday really quickly, but rejected at top and bounced off gold TL in EOD flush. Expecting CPI or FOMC minutes as catalyst for downside.
Note: bank ER is right after FOMC mins. Also, over 7.7B+ dark pool traded between 409.2-409.6 level; may act as S/R as this week unfolds.

Position: Eyeing downside momentum - watching how the market fluctuates beyond CPI and FOMC minutes.
Chart PatternsCPIdownsideFOMCFundamental AnalysisoptionstradingshortsetupSPDR S&P 500 ETF (SPY) Trend Analysis
theapearmy
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