$SPY July 1st Decision Point - Calls or Puts?

SPY Market Breakdown - July 1st, 2020

• 1H chart of SPY update from previous post, looks like it's fighting to regain this upwards channel it was trending in for the last few months.
  
  
• I said last post that we were losing steam and if we keep getting more and more 2nd wave corona news I could see $280 puts.
  
  
• Well no bias here, saw JP on Bloomberg news this morning wearing a face mask talking about how he's printing more money to save the economy and 2nd stimulus round.
  
  
• Shoutout the homie mike turtle bloomberg
  
  We are faced with 2 scenarios now, at a critical decision moment for the SPY
• Scenario 1 - Bullish Case, the price keeps slowly grinding back up and regains this upwards channel before making a move towards $320 resistance level
  
  
• Scenario 2 - Bearish Case, the price rejects off this trend and bleeds sideways until hitting $302 & $294 respectively
  

Not giving exact entry/exit points because you as traders also need to chart this out by yourselves and make your own decision. If I just tell you the answer everytime, you will never learn how to actually trade. As always please do your own research, I am not a financial advisor.