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The_SPY_Who_Shagged_Me

SPY MA CROSSES TO DOWNSIDE

Short
SPDR S&P 500 ETF TRUST (BATS:SPY)  
The_SPY_Who_Shagged_Me Updated   
BATS:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns SPDR S&P 500 ETF (SPY) put shortsetup Contains IO script
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trendanalysis chartpattern spy put shortsetup containsioscript
snapshot
History shows that any time that the 15 MA drops crosses under the 60 MA with the momentum under -2.0 that it will tank for the next few days. Saw a possible set up yesterday but saw the confirmation today. In on $480 P exp 2/27.
Comment:
Was up 20% mid day but suspect that more down movement to come.
Trade closed: stop reached:
snapshot
SPY Did a complete reversal where the 15 MA crossed over the 60 MA and momentum over 2.0 which indicates more upside action. From my experience, the upside usually has more potential than down side. Closing puts and opening calls.
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