Bears have the claws out!! $SPY $VIX $SPX $SPXU
We are falling below this next Fibonacci level which is great news for us bears.
SPY should continue to drop throughout the rest of the day and we may even see a gap down this week.
Macro news is overwhelmingly bearish
Technical indicators are looking more favorable for the bears - the moving averages are not as bullish
Wish the RSI was a bit higher on the one day - but still highly profitable in this short - and we have more room to drop. Hope you are also sharing these gains!!
SPY should continue to drop throughout the rest of the day and we may even see a gap down this week.
Macro news is overwhelmingly bearish
Technical indicators are looking more favorable for the bears - the moving averages are not as bullish
Wish the RSI was a bit higher on the one day - but still highly profitable in this short - and we have more room to drop. Hope you are also sharing these gains!!
Trade closed: stop reached:
2% loss as per my earlier post. Early to the trade.
