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Ryanhasoptions

Harmonic Trading the SPY

Long
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
Ryanhasoptions  
AMEX:SPY   SPDR S&P 500 ETF TRUST
SPDR S&P 500 ETF (SPY) measuredmove
4
2
spy measuredmove
Since the margin crash back on August 24th the spy has slowly but surely worked it's way up to try and reverse this correction. It saved itself and bounced off the .764 fib level. I believe that the big rally and uptrend will continue until about 208 on the spy (which just happens to be a gap fill) The measure moved should be completed the next week.

I'm looking to get short around 208.

Please leave any comments or feedback.

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