Great opportunity for swing trade.
SPY is at the resistance of the downtrend channel. If it brakes it, we may see ATH for Santa Rally.
I will take short position with UVXY if I see the weakness today and long position with SVXY if it brakes resistance and holds with confirmation.
SPY is at the resistance of the downtrend channel. If it brakes it, we may see ATH for Santa Rally.
I will take short position with UVXY if I see the weakness today and long position with SVXY if it brakes resistance and holds with confirmation.