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frodo75

Bearish for the next few days

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
frodo75 Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis
8
1
trendanalysis
The 50 SMA ticked up after many weeks. It coincided with higher highs just below the 200SMA looking like a blow-off top. I think this means a rush to the 50 SMA for a test. Again, this not Armageddon. A great buy the dip opportunity. Printing press is not yet in full swing. You ain't seen printing yet.

Caveat Emptor and good luck!
Comment:
Watch for the green line. If that breaks we will have more weakness. Around 290(?) on SPY. Should find some support there. If long, tight stops below and if short, wait for the break and test before committing. Good luck!
snapshot
Comment:
Looks like today may close in the positive.
snapshot
Comment:
Futures are up. Not seeing any weakness yet. Looks like another gap and go.
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