SPY short hunt is on

alleytrader Updated   
today is still early and will say next week for real signal but will put on a few puts today
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.
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.
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
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.
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.
Now we see why i didn't want short even though it looked good many times
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.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.