Radlahbe

Despite short term rally, looking to sell short SPY

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
Market is rallying as expected after such a bloodletting. I don't think the bottom is in yet. Heavy volume on todays doji candle could be a sign of further downside. If market breaks recent low, I will add more to my short position. Alternately, market could rally up into moving average resistance offering a better short entry. Be careful, there is extreme volatility and the news could change things on a dime. Be well
Trade closed: stop reached: Stopped after a day....went long after we broke highs april 6th.

Comments

I like this chart, I'm short as well and believe as you do that we haven't seen the bottom yet.
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