Serge Berger of TheSteadyTrader.com is looking to short the S&P 500. He says that the index has moved beyond its short-term moving averages.

Berger believes that investors should question if the 9% rally, that we have seen over the last two weeks, has not already been priced in.

Berger is shorting the S&P 500 via the SPY ETF at $216 and he is setting a stop loss at $218. He is targeting $213.50.

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