HUGE SHORT SIGNAL FOR THE STOCK MARKET Short

SPDR S&P 500 ETF TRUSTArca

Description

⋅ Aug 29, 2019 1:59 PM

We appear to be at the current resistance again

There are now 2 possibles which is going to happen:

1. We either break up and target 3019
2. We either break down and target 268.

I think possibility 2 is the most likely. I will be shorting 294 with a very tight stoploss at 295,2

The target is 268.

Comment

⋅ Sep 5, 2019 1:55 PM

Stoploss got hit, but i will again short it. I will keep SL at 299.

Trade closed: stop reached

⋅ Dec 3, 2019 10:54 AM

Comments

UnknownUnicorn1694303

⋅ Aug 30, 2019 1:19 PM

Nope, the market must first have a BIG suckers rally pushing out ALL shorts before a big drop. It will go the other direction for the next 2-3 weeks then *maybe* it will be permitted to be dropped, but only if everyone is long. All you have to remember is the counterparty will always move against the herd, If everyone is short it will go up, and if everyone is long it will go down, due to the logarithmic return on the derivative options contract.

rk4kT

⋅ Aug 29, 2019 4:13 PM

Not a bad idea. Do you follow the Russell 2000 at all? I'm using 12/28/18 as the floor for support. The next time the market takes a huge dive, I'm shorting puts at 1275 on the Russell 2000. What do you think?

Bullandbeartrading

⋅ Aug 30, 2019 3:40 PM

What a perfect rr.