SPDR S&P500 ETF TRUST S&P 500 ETF USD DIS

NYSE ARCA & MKT

SPY

Buy SPY 292 Puts expiring tomorrow at $0.80. Likely to break the support below.

Buy for Intraday EOD Tgt 2836; SL - 2830

This counter rally is running into a hidden bearish divergence. Volume is declining. The trendline breakout didnt bring in a lot of buyers. I expect the stock market to go down, trying to continue it's downtrend. Going straight back to the all time high without looking back would be very surprising.

disclaimer...not an investing/trading recommendation

SPY getting strong support around 100SMA. Market Makers playing to accumulate at lower prices. A Clear divergence between OBV and price change. Nothing to panic still.