ContraryTrader

Spy headed to 380

Short
ContraryTrader Mis à jour   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Should test 380 by minutes tomorrow . Was able to short at 385 to 382 this morning.

Bear flag playing out here.. Careful if your swinging longs..

Sizaleable 350& 360$ 1/13 contracts coming in..

Fed minutes will decide if this bear flag pattern kicks in tomorrow
Commentaire:
Hit the bottom of that trend support around 378.70 and bounce.

If we drop below that 376 gap close at play...
Commentaire:
Look for a retest and gap close to 380 at the open.
Stop loss 384.50
Commentaire:
Covered on the spy short... may drop to 379 or even lower at FED meeting but I'm good with 80%
Commentaire:
Vix at support here.. Spy back at resistance..

I took a short on QQQ at 267... target 265
Stop 268.50
1/5
Commentaire:
Placed a trailing stop here on QQQ... this thing might test 263 🤑
Commentaire:
Watch the VIX at its daily 21... the market is and will remain bearish as long as vix holds above that

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