Related: ETF Traders Don’t Sell in May, Begin Hedging Today
Traders may utilize inverse stock ETFs like SH and SPDN to hedge against market pullbacks as the S&P 500 tests its all-time highs, again. Technical traders are growing more cautious after the S&P 500 recently formed a triple top – a bearish pattern that identifies three peaks at nearly the same level and may predict a reversal in a prolonged uptrend.
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ProShares Short S&P500