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starman01

SP500 Drop

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
starman01 Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Wedge S&P 500 (SPX500) SPDR S&P 500 ETF (SPY) SPX (S&P 500 Index) put short
5
0
wedgepattern spx500 spy spx put short
SP500 Dropping in the next few days. Overbought.
Trade active:
On track.
Tomorrow/on the 31st, I'm expecting the following goal. Let's see how that plays.

snapshot
Comment:
In play

snapshot
Comment:
We're still in play. Didn't bounce up as expected but still quite bearish.

I've revised my target.

snapshot
Comment:
In play. We're going lower today and tomorrow.

Futures broke the risking wedge.

snapshot
Comment:
Careful $spx $spy rebounding slightly. I don't expect a new ATH. Maybe a double top.
Trade closed manually:
I've closed this trade as I expect another bounce before moving much lower. Maybe a new ATH to trap some more bulls.
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