Beskrivning
⋅ There are a number of bearish conditions currently on the S&P 500 chart:
1. Death cross (50 day SMA crossing below the 200 day SMA).
2. 10 day EMA has broken and is now acting as resistance.
3. RSI back to neutral levels - room to give.
I am short here and am also selling out-of-the-money calls on the SPY.