PartTimeGenius

$SPY... (BEARISH!?)

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
I gotta admit gang, I didn't see this market lasting as long as it has up here and even pushing up these marginal new highs day after day... Nonetheless, we still believe that the major move is still to the down side. As of right now, we're staying neutral on our position waiting for the next objective short entry, older short positions have been burned for the most part. We're still seeing poor fundamentals, a trade deal that's yet to be signed (but has promise I guess), the VIX-x at extreme low levels, lack of volume , insiders selling and the sharpening/rising of the yield curve (which for whatever reason is a good thing? despite previous instance showing otherwise). Anyways gang, when something changes...

***Let's talk about it... ***

Comments

HI buddy, I have just added my analysis. on the weekly charts there is Doji formation (Green candle), however we are in an uptrend on Weekly charts, and we have made a higher high, if there is a retracement now and we hold on to making a higher low and push upwards, it should push markets higher..Added some quant data too, which suggest higher move over the next couple of weeks (positive bias)

Good to see your review, gives another perspective

Keep up the good work.



Cheers
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310 to 311 - before this turd goes down.
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