The market will be closed on Monday, May 30th, for Memorial day weekend. We hope you can spend time with family and friends and take a well-deserved break from the market.
The S&P 500 closed above the daily 21 exponential moving average (EMA) on Friday for the first time since March. However, this doesn’t change the bigger picture that the path of least resistance seems to be to the downside.
That being said, we’ll look for bounces to be our next short opportunity.
In the video above, we’ll lay out how to play these ebbs and flows with short positions and review our SPY call debit spread.
Stay Focused!
