Quantuary
Short

SPY Short Daily | MA CROSS CONFIRMED BY DIVERGENCE & %R

BATS:SPY   SPDR S&P 500 ETF
106 2 0
2014-01-30| 15:30 GMT.
Enter short with HALF size lot as price and blue MAs break through reds and FT             (60) crossing 0.
FT             (60) divergence.
Double down with %R(200) crossing red central line.
Stop Loss above last swing high.
Target based on fibs and/or reversal of entry indicators and/or FT             (60) diverging with price.
INITIAL target c.173/172
Stretch target c.156
Quantuary PRO
2 years ago
UPDATE: Spike low on high-ish volume (but possibly not enough to be a capitulation if we compare to 2013-06-21). If being conservative might take a little off the table. But still continue with the plan of adding to the position if %R breaks the red line.

Can tapering really be this bad for the market? (open question)
Reply
Quantuary PRO
2 years ago
UPDATE: staying in until recrosses red lines.
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