thebullshark
Short

Short on SPY - S.O.S.

AMEX:SPY   SPDR S&P 500
Over the next few days, back and forth action is expected, in a mildly downwards direction.
Possible scalps but risky due to current sentiment.

Within 1-2 weeks look for one last, 'single-day pop' for a new weekly high, in the 210.20 region.

Taking a short position with a Stop if price closes above 211 has relatively low risk.

Strong upside movement in the next few days would weaken this idea.

Any movement above 211 will cancel this idea.
I didn't realise one couldn't annotate the published chart after the fact...

snapshot
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