EliteTrader101
Short

SPY targets for short

AMEX:SPY   SPDR S&P 500
spy
the market looks like its setting up for a head and shoulder long after this drop, so i'm going to stay short until my target is reached, then look for a long to retest the highs during the santa clause rally during the last week of the month.
the put call volume is 2:1 Puts, so i'm staying short until that changes, plus the vix has a bit higher to go into liquidity on a W pattern breakout
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Look how high the volume was today on the rejection, its going lower to fill the gap
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