SPY Short, Starting May 11 2020

With the SPY losing traction im thinking we do one jump up back to $296 and then a straight shot back down towards $255

we have yet to fill the gap and as we always know, gaps are always going to get filled

i think that once we reach that $255 gap its back to ATHs until Q2 where earnings might be a lot worse than people are anticipating

especially with Disney suffering this much of a loss with their arks being closed like a month before Q1 ended

I think disney as well as every other company will rebound off these lows and well see a bullish market until Q3 where earnings might not be as great as people think

ultimately back to SPY, i think we do one more shoot upwards towards the $296 mark, then start seliing off Monday back down towards the $255 range to fill that gap

that will be the new low and we wont go any lower