the_sunship

Spy/Spx 500 update

Short
the_sunship Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Still think this is a bull trap, waiting for confirmation. Quite a convincing show so far.
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Possible one more higher high to the trendline again
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One more tiny wave up and that should be it
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Better count
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Channel could be in play for the ending wave
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Possibly done now
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that may be it, note the spike up at the end to stops shorts out
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Another channel if they want to close at the highs first.
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Another possibility
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Final count, if this doesn't work, I stop out. Let's see!
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Close up view - could spike through upper trendline.
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Could be it, let's see
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Final short squeeze. I am out of the trade. I will reenter if I see any downside confirmation. Good luck, the trade idea is closed....


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