SPY Forms Ominous Pattern


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


The market continues to be rudderless. And because of it, a classic “broadening formation” pattern continues to develop on the chart of the SPDR S&P 500 ETF Trust (NYSE:SPY).

This pattern is considered bearish. It illustrates a lack of leadership in the market. This volatile and choppy action is typical before sell-offs.


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


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Posted In: Broad U.S. Equity ETFsTechnicalsTrading IdeasETFs