alleytrader

SPY short hunt is on

Short
alleytrader Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
today is still early and will say next week for real signal but will put on a few puts today
Comment:
If signals where percentages i would be only at maximum of 10% so early stages. All i see is that the volume is not all coming in at the higher values of the day.
Comment:
some reason TV not letting me post updated picture in comments. so tomorrow will be watching a bit lower than today's low, Always keep in mind moving right back into the higher prior range is very possible.
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will make sure i get 10% of my total size short now that the point of control has shifted to the lower price distribution on the day
Comment:
So far an inside day so will be waiting for next week for any further action. if it triggers next week will move this to a active trade.
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No trade today, and very unlikely tomorrow. Now this current market set up is the type that can trigger much lower than I would have desired. I will look for lame ideas to buy a few $ of puts, but will hold out for full trigger before posting.
Order cancelled:
The hunt has not got much results but will keep stalking. This week structure is setting up for a no trade so will stop this thread and start new when it triggers, not a run up to nothing.
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Now we see why i didn't want short even though it looked good many times
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I know closed idea, but this is not a new trade, it is a heads up we are getting back to the area I will go hunting.

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