SPY: Heand'n Shoulder, confirmed (-18%)

Hi all,

Haven't posted since March so it's been a while.
I'm currently in cash with long options with SQQQ. This means, I'm shorting the market.

Now on SPY:
Bearish head'n shoulder on the weekly chart, confirmed. 18% possible loss with 350$ target

Head'n Sholder target price:
Target price 1 = 350$

Additional target if 350$ support breaks:
Target price 2 = 338$
Target price 3 = 321$
Target price 4 = 298$

Long shot targets if 300$ does not hold:
Target price 5 = 278$
Target price 6 = 238$

Hope I'm wrong.

Stay humble, Have fun, Make money!

Сделка активна:

My SQQQ long option are picking up speed. This will pay off in the end. But at the same time, a lot of people will lose (and already have lost) money. This does not make me happy. I prefer easy uptrends where everyone has a chance to win. A down marker is another beast.