SP500, no value left, techs point to bearish Short

SPDR S&P 500 ETF TRUSTArca

Description

⋅ Feb 28, 2015 9:59 PM

I don't see any value until this market retests the breakout level of 1550 or 155 SPY

All trendlines are tightening. I'm about to make 10-20x my risk on this short.

Good luck playas.

Comments

KingdomManhood

⋅ Feb 28, 2015 11:38 PM

should have added that i dont see US rate increase until 2016. and it will be a very tiny rate increase. 25 to 50 basis points.