SPY downtrend, need support around 402, strong support 394

Those of us who buy SPY spreads need to be careful where we select our puts spread. Have to observe if SPY doesn't break trend below 394. I am looking at Expiry on May21.

Usually within 2days a range of 12 plus points are usually pretty safe.


Please Note: The analysis is based on my own views and it should not be treated as financial advice.

Please feel free to share your own opinions/comments.

Best,

Adit Doza
Part-time Faculty
Mike Ilitch School of Business