SPY - SHORT Update Short

SPDR S&P 500 ETF TRUSTArca

Description

⋅ Mar 19, 2019 6:47 PM

We are showing all the characteristics of wave 5.

Wednesday/Thursday is always a wave down. I expect nothing different. Look for a possible rate hike from feds.

Comments

gvoommen

⋅ Mar 20, 2019 4:42 AM

There won't be a rate hike. 100%.

fenditendi

⋅ Mar 20, 2019 2:57 PM

@gvoommen, never doubt elliot wave theory! just kidding, feds will likely maintain the rate.

DFauvre

⋅ Mar 20, 2019 1:45 AM

My system shows we are close to topping out before the great next crash down, how are you planning to do the short?

fenditendi

⋅ Mar 20, 2019 2:58 PM

@DFauvre, the usual: buy a bunch of puts at 280 two weeks out, then take a vacation for the time being.