Short at 112.3

Short at 112.3

SPY is set to gap down and open at 111.5, since it's OPEX, I SPY to rally at some point and fill the gap at 112.13, and may continue upwards to 112.3. I don't see SPY breaking 112.3 today as the uptrend is broken. Therefore SPY 112.3 is the best place to short. On the downside, SPY has to break through to make a sustained down move towards 109.52.

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