Trading Strategies: Cope With The Bearish Case

MasterWU

05-30

Hello everyone! Today i want to share some trading ideas with you!

The Bearish Case: $SPDR S&P 500 ETF Trust(SPY)$

(1) I tried to be open-minded while studying the charts--but, this bearish wave count is better than other options.

(2) the Black Trendline stopped the rebound TWICE at 5940 and 5944, confirming its validity.

(3) 5968 to 5767 is impulsive 5-wave; so, 1 more leg down is needed, at very least, to retest the previous low.

(4) bought some 6/13--SPY 580 puts near the rebound high at 5918, as that level marks 61.8% rebound.

Image

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Find out more here：
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Please share you Insights or comments on companies or technologies of AI industry.","image":"https://community-static.tradeup.com/news/4603961061b4e1f67cb838e908cb17bf"}],"images":[{"img":"https://community-static.tradeup.com/news/e97dd3091328bc468a4cadec0a71a531","width":"2188","height":"1132"},{"img":"https://community-static.tradeup.com/news/381b104429792cae7f67dc1120e2458d","width":"1080","height":"1080"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/e97dd3091328bc468a4cadec0a71a531","width":"2188","height":"1132"}],"title":"Trading Strategies: Cope With The Bearish Case","html":"<html><head></head><body>Hello everyone! Today i want to share some trading ideas with you!1.The Bearish Case: <a data-mention-id=\"SPY\" class=\"teditor-mention\" data-mention-name=\"SPDR S&amp;P 500 ETF Trust\" href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$</a> (1) I tried to be open-minded while studying the charts--but, this bearish wave count is better than other options. (2) the Black Trendline stopped the rebound TWICE at 5940 and 5944, confirming its validity. (3) 5968 to 5767 is impulsive 5-wave; so, 1 more leg down is needed, at very least, to retest the previous low. (4) bought some 6/13--SPY 580 puts near the rebound high at 5918, as that level marks 61.8% rebound.<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/e97dd3091328bc468a4cadec0a71a531\" tg-width=\"2188\" tg-height=\"1132\">ImageFor whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!<blockquote>Find out more here：<ul style=\"\"><li><a href=\"https://tigr.link/9ApRRc\" title=\"Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free trading.\" target=\"_blank\">Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free trading.</a></li><li><a href=\"https://ttm.financial/TW/367769452580952\" title=\"💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉\" class=\"\">💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉</a></li><li><a href=\"https://ttm.financial/TW/413454436958416\" title=\"💰CBA Mini Course 1: What is Cash Boost Account(CBA)?\" class=\"\">💰CBA Mini Course 1: What is Cash Boost Account(CBA)?</a></li></ul></blockquote><img src=\"https://community-static.tradeup.com/news/381b104429792cae7f67dc1120e2458d\" tg-width=\"1080\" tg-height=\"1080\"></body></html>","htmlText":"<html><head></head><body>Hello everyone! Today i want to share some trading ideas with you!1.The Bearish Case: <a data-mention-id=\"SPY\" class=\"teditor-mention\" data-mention-name=\"SPDR S&amp;P 500 ETF Trust\" href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$</a> (1) I tried to be open-minded while studying the charts--but, this bearish wave count is better than other options. (2) the Black Trendline stopped the rebound TWICE at 5940 and 5944, confirming its validity. (3) 5968 to 5767 is impulsive 5-wave; so, 1 more leg down is needed, at very least, to retest the previous low. (4) bought some 6/13--SPY 580 puts near the rebound high at 5918, as that level marks 61.8% rebound.<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/e97dd3091328bc468a4cadec0a71a531\" tg-width=\"2188\" tg-height=\"1132\">ImageFor whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!<blockquote>Find out more here：<ul style=\"\"><li><a href=\"https://tigr.link/9ApRRc\" title=\"Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free trading.\" target=\"_blank\">Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free trading.</a></li><li><a href=\"https://ttm.financial/TW/367769452580952\" title=\"💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉\" class=\"\">💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉</a></li><li><a href=\"https://ttm.financial/TW/413454436958416\" title=\"💰CBA Mini Course 1: What is Cash Boost Account(CBA)?\" class=\"\">💰CBA Mini Course 1: What is Cash Boost Account(CBA)?</a></li></ul></blockquote><img src=\"https://community-static.tradeup.com/news/381b104429792cae7f67dc1120e2458d\" tg-width=\"1080\" tg-height=\"1080\"></body></html>","text":"Hello everyone! Today i want to share some trading ideas with you! 1. The Bearish Case: $SPDR S&P 500 ETF Trust(SPY)$ (1) I tried to be open-minded while studying the charts--but, this bearish wave count is better than other options. (2) the Black Trendline stopped the rebound TWICE at 5940 and 5944, confirming its validity. (3) 5968 to 5767 is impulsive 5-wave; so, 1 more leg down is needed, at very least, to retest the previous low. (4) bought some 6/13--SPY 580 puts near the rebound high at 5918, as that level marks 61.8% rebound. Image For whom haven't open CBA can know more from below: 🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly! Find out more here： Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free trading. 💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉 💰CBA Mini Course 1: What is Cash Boost Account(CBA)?","highlighted":1,"essential":1,"paper":2,"likeSize":11,"commentSize":0,"repostSize":1,"favoriteSize":0,"link":"https://ttm.financial/post/440496480796752","repostId":0,"isVote":1,"tweetType":1,"viewCount":1330,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["SPY"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":800,"optionInvolvedFlag":true,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/440496480796752"}