SPY S&P500 - RIGHT ON TARGET SO FAR Short

SPDR S&P 500 ETF TRUSTArca

Description

⋅ Mar 13, 2015 8:02 PM

Following up ---

Entry SHORT right at today's high zone.

Expect to see lower prices next week.

Tim

4:01PM Friday, March 13, 2015

Comments

luzmarball13

⋅ Mar 15, 2015 6:13 PM

enter short at the H of Friday?

timwest

⋅ Mar 16, 2015 1:32 PM

My previous post on SPY outlined where to short the SPY on the bounce. That's why I followed up that post with this comment. Check out the links to the other charts I have posted. Sorry for the lack of clarity in the post.

Lex_B

⋅ Mar 14, 2015 3:23 AM

Hi,
Thanks for the chart. I'm new to trading and curious why so many people seem to use SPY for analysis vs. S&P 500?

Flubberpants

⋅ Mar 16, 2015 11:41 AM

because you can't actually buy the index.

SPY is an index tracker fund designed to 'track/replicate' the S&P500 - investors then trade this exchange traded fund (ETF).

flappinfish

⋅ Mar 16, 2015 4:46 PM

I understand the trading aspect of SPY, but in terms of analysis seems like many people use SPY or E-mini future rather then analysis of the chart of S&P 500. Thanks for the reply tho :)

timwest

⋅ Mar 16, 2015 6:26 PM

SPY has been around long enough with an active enough trading volume and a 99.9% correlation, so you might as well analyze what you are going to trade.

flappinfish

⋅ Mar 16, 2015 6:56 PM

Thanks Tim!

shibbitz

⋅ Mar 13, 2015 9:31 PM

you dont think that next week Fed meeting. Cuz of the recent big move in the dollar, maybe the Fed gives a liitle more dovish language and we get a very short term relief rally, maybe to hourly gap fill at 208.31?