AMEX:SPY   SPDR S&P 500 ETF
320 16 11
Time for some fun!

No target , cover on the way down,
Comment: and shes off :D
Comment: We bounce here :D

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Comment: Right to the middle line of the channel :D

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Yes sir!
+1 Reply
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DOOOMMMMMM

but I'm not going to short nasdaq or S&P this time, after getting stopped out at 2040. When the fat lady screams, the market moves (yellen)

Focusing entirely on Biotech short now.
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Amen Brother! Let's go to the 180's!
Bruce
~Sherwood Coasts Group
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nice megaphone :D Spy is bearish !
TA is golden
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wE Bounce here :D
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LastBattle ChimbOt
Didn't close my short :D
Its a Friday anyway, you're going to have retail mom and dads hearing the devastating news over the weekend via CNBC and call their broker immediately on Monday to sell.

It might go lower.
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ChimbOt PRO LastBattle
True
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Trance-Man ChimbOt
Agree.
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AS stated, the bounce has occurred. Heres a closer look, We are trying to return to the channel , i expect resistance here !
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Right to the middle line :D
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I think you should close the short on Monday morning if you have time. There are strong support at 202.54. The possibility is high for retracement to 50%. Then it will make another leg down to the 187.50, creating a trading range.
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ChimbOt PRO peterchung16
is there not a trading range already?
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GREAT CALL. If you put more description in the trade setup, it could be a recommended chart. For now, it's a BULLSEYE in my book. Well done! Keep us updated.
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Thank you !
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Good call! I have some fun, following you. :D
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just had to give u a +! cause i also had that upper resistance down trend line and also thought down ,
and the lower down trend line i am waiting to see if it supports or we go below
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