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jarsonintlrec

S&P500 Short

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
jarsonintlrec Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Technical Indicators SPDR S&P 500 ETF (SPY) sp500index Contains image
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indicator spy sp500index containsimage
Let's see. Market looks toppy. Possible Rising Wedge, etc
TP: 400
Comment:
we started with a gap up today. Impulse was to fill it on the way back down. Which it did. By filling that gap, we have trapped longers at the tippy top again.
Check the volume. Decreasing green upthrust candles. Classic rising wedge. One we breakdown, aim for around 400 TP (to be safe). Or the GAP at 378 seems pretty decent.
Comment:
390 is a good zone too :)
Comment:
still in play obviously.
Comment:
be careful. All up to powell. I'm starting to see a cup and handle formation, so I'm worried this is invalidated. I was too premature and also too macro bearish. Inflation is under control/fed is achieving its soft landing. We're not in a great place but we're not in an 08 type environment.
Comment:
Took a while, but we got there. TP
Comment:
We're going lower, I think. Still need to fill that gap around 390. Make money
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