SPY_Trader

SPY - Possible Pullback

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
Much like IWM, the ETF SPY is pulling away from the upper Bollinger Band, and the Stochastic shows it coming out of the overbought zone.
My personal position is short call spread, hoping to profit from a decrease in price.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.