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Short

Bearish mood over SPY into FOMC next week

BATS:SPY   SPDR S&P 500 ETF
88 1 0
Targetting the first TP 180.30 area as prime target into FOMC statement.

TP2 may be hit if spike down occurs so needs more finesse than a static post like this.

It's the same question.

Taper, no taper, and how much and/or/if/when?

Sell any rallies today if your signal indicates.
it's pretty much done n over this trade. super exceeded speed n tps.(how rare)

note now how it has double tested that previous low of 177.30 and twice held it.

don't get too bearish now as i expect a bullish formation to occur at these lower levels.
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