"Like This?" by trader tradeBob1 — published October 26, 2016

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Short

SPDR S&P 500 (AMEX:SPY)

AMEX:SPY SPDR S&P 500

Like This? Gradual Descent. So, you want to be short more than long. Wait for the resistance lines. Market feels sluggish. Range Trading. Marking Time.

When the supply keeps dropping, the buyers are in control. Sellers are losing ground. Bearish market for past 3 months. The market keeps coiling down.

Hope you're right, I'm on the short side

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