$SPX - Monthly Distribution

Oct 31, 2018

Everyone very focused on the the daily chart need to zoom out and look at weekly, similar to how traders look at the 15 min / 1hr / daily for swing trades. Monthly showing clear distribution on increasing volume. Vol sell signal triggered and would need a close above 2935 to be bullish. Vol stop signal has been extremely accurate on the monthly. Look at the green and red dots. Short the rally's until then.

I am long SPY Dec 2019 $150 puts at .65 avg px