I measured the two corrections since march of this caliber.

Long

SPDR S&P 500 ETF TRUST (AMEX:SPY)

Updated

AMEX:SPY SPDR S&P 500 ETF TRUST

If you compare the two green set of lines and the thinner blue lines you can see two 328 point corrections, this is key level.

Comment:

That was PURE STRAIGHT UP PAPER SELLING! The shorted high to reap, and reap, and reap profits taking the market down
and now apparently they have been buying for days.
laws of Economics.

Comment:

If they open selling I may buy some insurance SQQQ.

Comment:

they are not 1 to 1, you need 200-300 times as many.

Comment:

Then you double your profits.

Comment:

not 300 X, for 100TQQQ you need 300 SQQQ

Comment:

I hate shorting but our job as Traders is to manage risk.

Please check out Kauai Dave Pivot Traders on youtube. www.youtube.com/channel/UCNpY7S_s1cxw0cer4PyEEMQ

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