tipere445

Test trendline then slip down

Short
tipere445 Mis à jour   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Good day folks,

It should be a sideway day, with an opportunity to short tomorrow, maybe even today eod. The channel didn't hold, so the support and resistance are being tested. IMO it will fail and this will result with a pullback of the recent uptrend we just had.

Thank you,
Transaction en cours:
This is the spot; sell or get killed. lol we will see
Commentaire:
Breakout of 264 would be very bullish, so is the opposite. I'm waiting...
Commentaire:
This whole thing could be a bull pennant. I'm looking for an exit; unless 262 support fail, this is not a good short. I won't be able to watch the market this afternoon. I will monitor from time to time on my phone, and may update later tonight or at the open tomorrow.
Transaction en cours:
I opened the following:
PUT SPY 2019FEB15 264.00
We will see if it works out...

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