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WinnerTrader99

$SPY SHORT Before/after FED Decision Tomorrow 18th Sep BEARISH

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
WinnerTrader99 Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
As discussed earlier its looks like similar scenario of whats happen during fed-may decision . market stayed solid till fed announcement then market drop hardly . if we look to RSI its showing signs of turning around also MFI going on weak uptrend and can be broken hardly also $SPY remained bearish on weekly indicators . Best idea to start collecting PUTS options and short positions whenever market is overbought .. targets 282-272-262 . Note Market can make new all time high today or tomorrow in order to confirm this overbought scenario and i think it will be good chance.. good luck .. thanks
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