Needlez33

Short around $415

Short
Needlez33 Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
This has proven to be a level of resistance multiple times. Sure it can break through but it will be a false breakout since by then it will be overbought. Perhaps after it retraces from there it can truly break. For the short term I'm going with shorting at $415 to $410 SL $418. This is a scalp I plan to do if everything goes as planned. I will post my entry and exit here.
Trade active:
Placing call credit spreads at $420/$421 DTE wed
Trade closed: target reached
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