NFTRH+; SPY

Per the regular update this morning, the EMA 10 (2056) was noted as key resistance on the S&P 500.  Translating that to a bear trade on the SPY, we find the EMA 10 at 206.  That is a parameter for the trade.  If 206 holds as resistance, the target would be the SMA 50 at around 200.

spy

Sell Short:  (outright, put options, short fund, etc.) at or below 206.

Stop Loss:  Above 206

Target:  The SMA 50

A reminder that chart based NFTRH+ updates are just trade setup ideas, which may not be revisited as the parameters are already noted.  They are meant as a starting point for further research if interested.  Fundamentals-based ideas are also provided for your further research only.