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dylanmojo

SPY over extended short... very risky short entry discussed

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
dylanmojo  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns Beyond Technical Analysis SPDR S&P 500 ETF (SPY) short multitimeframeanalysis risky
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trendanalysis chartpattern beyondta spy short multitimeframeanalysis risky
Sellers are in control on the daily timeframe. Buyers are taking some control on intraday - which is a good thing because SPY is overextended to the short side at the moment. Possible short entry presented. Very risky, I'm sitting this one out.
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