MoneyPatterns

SPY - Gap Down Today / Exit Points for Short/Puts

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AMEX:SPY   SPDR S&P 500 ETF TRUST
Happy to see some of my friends on here making money this morning. Glad we saw this coming!
As we continue to work this trade, I have others into January and February. So things are stacking up nicely. :)
Top gap got filled. Two more gaps below to fill (farthest gap down is $295).

Exits for Shorts/Puts-
1st - RSI 30 - price will rebound upwards. Time exit before RSI rebounds.
2nd - At gap fills ($295)
3rd - Price going to yellow support $300, or pink support next same as gap fill $295 level.

I will update chart when trend changes to bullish.

SPX Chart from Today below (mostly similar - for reference)

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I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, VIXY.
Short SPY and AAPL.

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