Price action on SPY still looks very algo/computer traded. Not human for such a large number of floated shares (13.5 Million Shares) that price goes exactly to red EMA ribbon without breaking.
For this reason, we watch patiently until actual confirmation of EMA bearish cross occurs. We will most likely enter with simple puts, holding for less than 3 days maximum.
The posted video material contains the opinions of Money Patterns as of the date it was recorded and such opinions are subject to change without notice.
The material represents Money Patterns’ intellectual property. No portion of this presentation may be published, reproduced, transmitted, or rebroadcast in any media in any form without the express written permission of Money Patterns LLC.