timwest
Short

SPY Options Expiration Resistance 169

BATS:SPY   SPDR S&P 500 ETF
1171 7 4
The post-chemical weapons rally after the fear of a war with Iran appears to have run its course.

The draconian (sucking the money out of our wallets) health care cost increases loom on the horizon and earnings season lays ahead. The giant headwind of higher oil             prices leaves the market in a vulnerable position - like Wile E. Coyote after he has run off of a cliff             .

Investors appear to have regained their confidence and now stock prices appear to be ripe for profit-taking from those who purchased in the recent selloff.

I'm glad to see that VIX             jumping 5 points led to a nice, tradable rally - see my other charts that discuss and cover this concept.

The stop will move down over time and the typical 3 times the 11-day average range is my intended risk-measurement yardstick.

Best regards,

Tim

12:10PM EST, 9/12/2013

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Yep.. seems we are at a critical point. Needs to clear 170 soon or we could see 159
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The Fibonacci Queen abides as well... http://www.fibonacciqueen.com/public/Fibonacci-on-the-time-axis-9122013.cfm
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great chart.. with visuals.. love it.. my shorts are finally coming back up....
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Great Work
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Hello ....
Timwest vs Banana Ben
Who wins ?
:)
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