GIFTEC

SPY Short term targets with breakouta to the upside 205 then 208

AMEX:SPY   SPDR S&P 500 ETF
Looks like SPY             wants to go to 208 based on measuring height of double bottom coil and trend line at 208
If SPY             breaks out above 203 to the upside 205 then 208 could be targets

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Comment: SPY getting close to 208 target
If SPY gets above 208 the 210 is a possibility if the trend continues.
Might pause and go sideways for a white then continue higher.
Nice rally and profit opportunities for weekly options along the way.

RISK DISCLAIMER
Options involve risks and are not suitable for everyone. Option trading can be speculative in nature and carry substantial risk of loss. Only invest with risk capital.

http://topandbottomtradesignals.net
Comment: Made it to 208
Friday can be a down day after an up week so I think 208 should be resistance
heading toward the weekend.
I will stick with the short position for tomorrow and Friday.
Comment: Made it to 210
Should pause at 210 but that would be to logical.
Comment: Just FYI
The SPY 210 P bought at 210 rose 50% in the last hour
just saying.
Comment: 213 is possible
Comment: 211 was a good place to stop
Thursday and Friday are following the script as down days
after being up for the first half of the week.
Sideways down from here with momentum topping
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