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timwest
Apr 1, 2015 2:17 PM

SPY - SPDR S&P500 ETF - Daily - Confirming Sell Signal Short

SPDR S&P 500 ETF TRUSTArca

Description

Still not much fear yet and the market is close to accelerating down if the trading range can expand beyond yesterday's 1.89 point range (208.25 close Monday - 206.36 low Tuesday).

Opportunities to sell short against the middle of today's range around 205.30-205.50.

Look for acceleration down if we get below the 203.50 level...

Look for a bounce at 201-201.50 to respect the 200 day moving average (note I did the average of the "open", not the "close").

Tim 205.01 last SPY 10:16AM EST 4/1/2015
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