Gap Up is BS, Short on Backtest of Trendline A

Gap Up is BS, Short on Backtest of Trendline A

SPY is set to gap up and open at 107. The gap up is BS I expect SPY to drop back to 106 today. SPY will may trade as high as 107.42 or at resistance from trendline A before dropping- those are the best places to buy puts. Yesterday's volume on SPY was 268M, which is far lower than my 600M expectation, so overall I still expect SPY to go lower from here.

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