Spy will be pulling back to test support in the 396-401 range - point target 400 by 4/21/2023
Can happen as fast as Wednesday 4/19 but I'm playing 4/28 407 puts to give it enough time. Needs to breakdown near term support in the 405-407 range but ultimately it needs to test 400 before making next leg up.
Will re-eval after 400 but likely will be an opportunity to swing long to 420s
Aggressive entry on short is right now while its still in 411s, conservative entry is a break below 409.5. Note this is likely just a pullback and not a major leg down.