alleytrader

Top hunting the illusive drop

Short
alleytrader Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Still looking for the spot I am will to short. I see we still could be a week away.
Each day i will post what I see and if a trade develops than we find it together.

I have no idea of these threads having any value to anyone, so comments or feed back woud be great.
Comment:
If today can not even move back into prior days value then the bears have no hope today.
I am not a solo bear, I have had long trades on the entire time, just very few location to trade long it seems.
Comment:
Today could trigger some very early small time frame shorts, but the big picture short is still at earliest tomorrow. How today closes is very import for a Wednesday or Thursday trigger.
Comment:
I like to stage enter trades, but tomorrow might trigger a decently strong short trade so might go in with a 25% size for first entry, vs my normal 10%, we will see what happen on close will let you know it we are set for tomorrow
Comment:
One more unsuccessful hunt, but no wasted bullets. This is looking more think bull flag than anything. If anything changes will update.

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