Shorting SPY today at 208.25
stop is 209 and target 206, if we get more great but this is mainly a 1:2 risk to reward play
Things that are more favorable than the previous short attempt
-very low volume SPY
-VIX hourly printing a buy signal
-SPY daily is scratching upper BB (so is DIA as well)
-$CPC ratio issued a sell signal for equities yesterday
-sell signal on 2 hr frame SPY (which is more reliable than the hourly)
NYSE issuing RSI sell signal which usually means consolidation/ mild pullback
I'm going to let the market do its thing this week and probably stay away from new positions until Friday unless something very good pop...
I have been stopped out twice in last few weeks trying to short GLD. I have a pretty sizeable position of Nov/ Dec GLD/ GDX puts. Also ha...
Jumped back in on the open as it looks like we have a short term trend change. Annoyed it decided to leave without me but worth the chase a...