SPY and indices could be at a location for short

16 mai

I have been waiting for a few things to play out before even dreaming of posting the idea of a short. But we are at a spot I will be seeing how it plays out and it may not fully trigger till next week, but figured give you heads up.

16 mai

Note

The market is trying real hard to invalidate this idea before it even take hold.If the bearish tinkle i saw goes away i will just end this thread.

16 mai

Note

After last post I looked at the other indices and they have a much better set up for short, so kept me still interested in this spy trade.

16 mai

Note

Tomorrow will be watching todays low. this action is what my minds eye was seeing. i did around noon start a teaser short play.

17 mai

Note

This trade real trigger is next week, however if we go below yesterday low I will add a bit more to the puts position. Still keeping risk low with vertical spreads.

19 mai

Ordre annulé

I will again start new when set up occurs. i see this taking at least 1 week to play out. if happens any sooner will post what I see then.