Sell SPY Short At This Level - Market Still Has Some Upside But Resistance Building

One Option Trading Blog https://ift.tt/2VZPOL3 Posted 9:30 AM ET - In the last two weeks the market momentum has slowed. Asset Managers are waiting for clarity and the S&P 500 rests halfway between the all-time high and the three year low. Major economic releases and mega cap tech earnings announcements are scheduled this week. I still believe that the S&P 500 has a little more upside before it runs out of gas. States are preparing to reopen their economies and that is fueling the move this morning. Alaska, Georgia, South Carolina, Tennessee and Texas will allow restaurants and other establishments to reopen. I believe that consumers …